Top Government schemes for housing
Pradhan Mantri Awas Yojana (PMAY)
Pradhan Mantri Awas Yojana – Urban (PMAY-U), a flagship Mission of Government of India being implemented by Ministry of Housing and Urban Affairs (MoHUA), was launched on 25th June 2015. The Mission addresses urban housing shortage among the EWS/LIG and MIG categories including the slum dwellers by ensuring a pucca house to all eligible urban households by the year 2022, when the Nation completes 75 years of its Independence.
Pradhan Mantri Awas Yojana (PMAY) aims to make homeownership affordable for the Economically Weaker Sections (EWS) of society. It offers an interest subsidy of up to Rs. 2.67 lakh on home loans. Eligibility is based on household income, with categories including EWS, LIG, MIG 1, and MIG 2. The scheme prioritizes women and senior citizens, mandating ground-floor accommodation for the latter and promoting eco-friendly construction.
Key Statistics as of date:
- 118.63 Lakhs Houses Sanctioned
- 113.43 Lakhs Houses Grounded
- 78.56 Lakhs Houses Completed
- 2 Lakh Cr. Central Assistance Committed
- 154437 Cr. Central Assistance Released
- 8.11 Lakh Cr. Total Investment
Haryana Housing Board Housing Scheme
The Haryana Housing Board, established in 1971 by the Haryana government, is committed to providing affordable housing options for economically disadvantaged residents in the state, this scheme focuses on providing affordable housing for socially and economically weaker sections.
It includes the Haryana Shehri Vikas Pradhikaran (HSVP) scheme, which offers residential and commercial plots through a lottery system for families with an annual income of up to Rs. 3 lakh. officia website o f Haryana Housing Board .
Since scheme comes to exitance , the Haryana Housing Board has constructed a total of 95,969 residences, catering to various socio-economic classes. Notably, approximately 75% of these housing units have been allocated to individuals with modest incomes. In a recent development, the Haryana government has introduced the Haryana Housing Board New Scheme, furthering its commitment to providing affordable housing solutions.
Kerala Housing Board Housing Scheme
The Kerala State Housing Board offers various construction schemes and home loans for the economically disadvantaged. Notable schemes include the Grihasree Housing Scheme, Haritham Apartments, and Kowdiar Heights, detailed on the official website.
Maharashtra Housing and Area Development Authority Scheme (MHADA)
MHADA provides affordable homes through a lottery system, categorizing houses based on income levels. Categories include EWS, LIG, MIG, and HIG, with varying price ranges and eligibility criteria.
Delhi Development Authority Housing Scheme
Associated with PMAY, this scheme offers economical housing based on income categories and reserves apartments for specific groups like war widows, disabled persons, ex-servicemen, and SC/ST individuals. It features various types of units, including HIG, MIG, LIG, and EWS.
NTR Urban Housing Scheme
The NTR Housing Scheme in Andhra Pradesh, part of the Pradhan Mantri Awas Yojana (PMAY), aims to provide affordable homes to slum and unauthorized settlement dwellers. With a budget of INR 10,000 crore and plans for more funding, it targets first-time home buyers with annual incomes between INR 3 lakh and INR 18 lakh.
The government intends to construct 10 lakh pucca Houses, with a maximum cost of INR 8 lakh per house. Eligibility requires residency in the state, a white ration card or being below the poverty line, and no ownership of other government-sponsored housing. The application process includes providing income and address proof and housing preferences.
Double Bedroom Housing Scheme
The Double Bedroom Housing Scheme, also known as the 2BHK scheme, is a Telangana government initiative aimed at transforming Hyderabad into a slum-free city. It provides free-of-cost housing to homeless individuals in both rural and urban areas. The plan’s goal is to deliver 2.72 lakh houses by March 2019, with an additional 3 lakh by 2024.
Nearly 100,000 houses or high-rise apartments were set to be finished in 2021. The scheme was introduced in the Telangana Rashtra Samithi’s election manifesto in May 2014, with 5.72 lakh houses planned for distribution. The houses feature two bedrooms, a kitchen, hall, and two bathrooms, and can’t be sold but passed down to the next generation. Despite cost escalations and challenges, substantial progress has been made, with 9,500 houses completed by March 2018 out of the targeted 2.72 lakh. read more
Tamil Nadu Housing Board Scheme (TNHB)
TNHB facilitates the purchase of affordable flats, with allotments based on income bracket and reservation categories. It offers various types of flats in different localities, catering to different income groups.
Each scheme has its own set of eligibility criteria and application processes, often involving online applications, documentation, and adherence to specific terms and conditions. These government initiatives are crucial in providing affordable housing options and play a significant role in addressing the housing needs of various segments of the population.