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Ker to avail Rs 4000 cr loan from HUDCO for flagship housing

Press Trust of India  |  Thiruvananthapuram 

The Kerala government today decided to avail a loan of Rs 4,000 crore for implementing its ambitious scheme- LIFE Mission, aimed at providing shelter to over five lakh homeless in the state.

The Livelihood Inclusion and Financial Empowerment (LIFE) Mission, a programme announced by the after it came to power two years ago, envisages a comprehensive scheme for the landless and homeless in Kerala.

A cabinet meeting, chaired by Pinarayi Vijayan here, gave sanction to avail the loan from the and Urban Development Corporation Ltd, an official release said.

The Rs 4,000 crore loan would be taken through the Ltd, it said.

The cabinet decision comes in the wake of criticism from some quarters that the much-hyped housing scheme was going at a slow pace.

The opposition Congress-led UDF had also alleged that there was confusion and technical complexities in identifying beneficiaries under the programme.

However, Vijayan had recently informed the state assembly that a state-wide survey, conducted as part of the Mission, had identified 5.13 lakh persons as homeless in the state and finalised the list of beneficiaries.

The target of the mission is to provide safe housing to over five lakh homeless in the state within five years.

They would be provided with modern housing complexes with provision for pursuing their livelihood, skill development and provision for financial services inclusion, among others,official sources said.

Marginalised sections like coastal population, plantation workers and those who stay in temporary shelters in government lands would be given priority, they added.

In another major decision, the cabinet also gave sanction to amend the Kerala State Sports Act (2000) to fix the tenure of sports council not more than 10 years.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 19:16 IST
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