Centre hikes monetary assistance in housing scheme for poor

Image
Array
Last Updated : May 14 2013 | 3:55 PM IST

The Central Government has hiked by Rs.25,000 the monetary assistance under its housing scheme for the poor, giving primacy to Scheduled Castes, tribals and minorities.

Under the new guidelines for the Indira Awas Yojana, the Centre also decided to transfer its share of funding to the state governments directly, instead of allocating it to the districts.

Talking to reporters here yesterday, Rural Development Minister Jairam Ramesh said the cost of a 250 square foot housing unit has been hiked from 45,000 rupees to 70,000 rupees.

He said that for naxal-affected districts and hill states, the per unit revised cost is 75,000 rupees.

Ramesh further said the Centre has also doubled the assistance given to states for procuring a homestead site for the landless poor from 10,000 to 20,000 rupees.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 14 2013 | 1:03 PM IST

Next Story