AP govt to spend Rs 2,500-cr on housing for poor: Minister

Image
Press Trust of India Rajahmundry (AP)
Last Updated : Nov 03 2014 | 11:25 PM IST
Andhra Pradesh government today said it has earmarked a sum of Rs 2,500 crore in the state budget for the construction of houses for the poor and backward classes.
"A new scheme for construction of houses for the poor at Rs 1 lakh and for the SC and ST communities at Rs 1.50 lakh was envisaged and an amount of Rs 2,500 crore was allocated this year in the state budget for the purpose," said AP Finance Minister Yanamala Ramakrishnudu.
He was speaking at the inauguration of a Housing Colony constructed at a cost of Rs 22.73 crore under the Integrated Housing and Slum Development Programmes (IHSDP) at Pandavulametta in Peddapuram Municipality.
"Irregularities had been reported in the earlier housing construction scheme and, therefore, a scrutiny will be launched... Once it is complete, the new housing scheme will be taken up," he added.
Former AP chief minister the late NT Rama Rao had introduced the pucca housing scheme in 1983 and each unit was constructed at a cost of Rs 6,000 in 1984, the minister said, adding, "We are also taking steps to construct housing colonies on vacant lands.
*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: Nov 03 2014 | 11:25 PM IST

Next Story