Business Standard
Friday, Feb 17, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Country has 25 million housing shortage: Govt
Press Trust of India / New Delhi Feb 26, 2009, 15:27 IST

The total shortage of housing in the country is 24.71 million, the government has said quoting reports of a study.

"According to the estimates made by the Technical Group constituted by the Ministry for assessment of Urban Housing shortage at the end of the Tenth Five Year Plan, the total housing shortage in the country is 24.71 million," Union Minister for Housing and Urban Poverty Alleviation Kumari Selja informed Rajya Sabha in a written reply to a question.

 Click here for Cloud Computing
 
Underling that it is "primarily" the responsibility of state governments to provide for adequate shelter, Selja said, "Union Government, however, has formulated the first urban area-focused National Urban Housing and habitat Policy 2007 to set in motion a process to provide affordable housing for all, particularly economically weaker sections and low income groups."

The policy intends to promote sustainable development of habitat in the country with a view to ensure equitable supply of land, shelter and services at affordable prices to all sections of society, she said.

On the action taken by the government to construct more houses for the poor, she informed the House that a new scheme has been launched for providing interest subsidy to make housing affordable and within the repaying capacity of the economically weaker section and low income group.

"The scheme encourages the poor sections to avail of loan facilities through commercial banks or housing finance companies for the purpose of construction or acquisition of houses and avail five per cent subsidy in interest payment," she added.

Apart from this, Minister said Jawaharlal Nehru National Urban Renewal Mission (JNNURM) has been catering to the needs of housing and basic services to urban people in 63 specified cities under the Sub Mission Basic Services to the Urban Poor programme and in other cities under the Integrated Housing and Slum Development programme.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end higher on firm global cues
- FMC awaits FCRA amendment to decide on pulses trading
- Coal India decision to benefit Lanco's 5,000-MW capacity
- Channel V to offer apparel, mobile phones
- Reliance MediaWorks partners with Japan's TV Asahi
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- Office 365 for professionals and small businesses.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
Sorry, comments to this story are closed
Latest Messages
Posted by: john
INDIAN GOVERNMENTs joke of the year.
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Army to step up vigil in Uttarakhand
- Marico: Stepping into unchartered territory
- MCX IPO to make staff millionaires
- Sonalde Desai: Sons of the soil
- Asian stocks fall as Greek bailout delay dampens mood
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us