HomeLatestTamil Nadu CM Allocates Rs 400 Crore to Accelerate Rural Housing Scheme

Tamil Nadu CM Allocates Rs 400 Crore to Accelerate Rural Housing Scheme

Tamil Nadu Chief Minister M. K. Stalin has announced an additional allocation of Rs 400 crore for the ‘Kalaignarin Kanavu Illam’ housing scheme, a significant move aimed at accelerating the construction of concrete homes for rural residents in the state. This new funding will be credited directly to the bank accounts of beneficiaries, enhancing the efficiency and speed of the housing project. The total amount disbursed for the project, including this latest allocation, now stands at Rs 1,451 crore.

The ‘Kalaignarin Kanavu Illam’ scheme, named after the late Chief Minister M. Karunanidhi, is designed to provide durable concrete houses for rural families living in huts. Each house under this initiative will have a built-up area of 360 sq ft, which includes a kitchen. To ease the financial burden on beneficiaries, the state government is also providing construction materials such as cement and steel bars at subsidized rates through the state-run Tamil Nadu Cements Corporation (TNCC). The disbursal of funds follows the Direct Benefit Transfer (DBT) system, with beneficiaries receiving the amount in four instalments through a single nodal account. As of now, Rs 860.31 crore has been credited to the beneficiaries, while Rs 135.30 crore has been allocated for the construction materials required for the project.

For the fiscal year 2024-25, the Tamil Nadu government has already issued orders for the construction of one lakh new houses under the scheme. The government plans to build a total of 8 lakh new houses by 2030 to replace the dilapidated huts that are common in rural areas. As part of the current phase, Rs 3,500 crore has been allocated at the rate of Rs 3.50 lakh per house to ensure timely progress. The scheme aims to improve the quality of life for rural residents by providing them with proper housing. It also addresses the long-standing challenge of inadequate housing in rural Tamil Nadu, where many families continue to live in substandard conditions. With the government’s active support, including the provision of essential construction materials and financial assistance, the ‘Kalaignarin Kanavu Illam’ scheme is set to make a significant impact on rural housing in the state.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Select Group Acquires Prime Westend Colony Home South Delhi Rs 12500 Crore

Select Group Acquires Prime Westend Colony Home South Delhi Rs 12500 Crore

0
The Delhi-based Select Group has completed a high-profile acquisition of a residential property in Westend Colony, South Delhi, for Rs 12.5 billion, highlighting the...
Embassy REIT Sells 376000 Sq Ft Offices At Manyata Bengaluru For 5300 Crore

Embassy REIT Sells 376000 Sq Ft Offices At Manyata Bengaluru For 5300 Crore

0
Embassy REIT has completed the sale of approximately 376,000 square feet across two strata-owned office blocks at Embassy Manyata Business Park in Bengaluru for...
Adani Achieves Rs 800 Billion Growth Through Strategic Deals Since 2023

Adani Achieves Rs 800 Billion Growth Through Strategic Deals Since 2023

0
The Adani Group has executed 33 strategic acquisitions valued at approximately Rs 800 billion since January 2023, signalling sustained capital access and disciplined expansion...
MoHUA Records Major Progress Across Metro Housing Sanitation And Water Infrastructure

MoHUA Records Major Progress Across Metro Housing Sanitation And Water Infrastructure

0
The Ministry of Housing and Urban Affairs (MoHUA) marked 2025 with substantial progress across urban infrastructure, highlighting India’s push towards sustainable, inclusive, and equitable...
Coal India Board Appoints B Sairam As Chief Executive Officer

Coal India Board Appoints B Sairam As Chief Executive Officer

0
The board of Coal India Limited (CIL), India’s largest coal producer, has appointed Chairman-cum-Managing Director B Sairam as the company’s Chief Executive Officer (CEO),...