HomeLatestUttarakhand Cabinet Eases Norms for Affordable Housing Scheme

Uttarakhand Cabinet Eases Norms for Affordable Housing Scheme

The Uttarakhand Cabinet has recently approved significant changes to the state’s housing policy, aimed at easing norms for the Pradhan Mantri Awas Yojana (PMAY) and expanding eligibility for economically weaker sections (EWS). These reforms are designed to make affordable housing more accessible to a broader segment of the population, promoting sustainable growth and development in the state.

Under the revised policy, the income limit for EWS beneficiaries has been increased from Rs 3 lakh to Rs 5 lakh per annum. EWS homes will have a carpet area of 30 square meters, with each unit priced at Rs 9 lakh. In addition to this, the state has introduced clearer criteria for other low-income groups. The Lower-Income Group (LIG), consisting of individuals earning between Rs 5 lakh and Rs 9 lakh, will be eligible for homes with a carpet area of 30 to 45 square meters, priced at Rs 14 lakh. Meanwhile, the Lower-Middle-Income Group (LMIG), with annual earnings between Rs 9 lakh and Rs 12 lakh, will be eligible for homes with a carpet area of 45 to 60 square meters, priced at Rs 25 lakh.

One of the key enhancements in the new policy is the increase in consumer subsidies. The subsidy for EWS, LIG, and LMIG beneficiaries has been raised from Rs 1.5 lakh to Rs 2 lakh, providing greater financial relief to these groups. Additionally, the state government has placed a special focus on promoting row housing in Uttarakhand’s hilly regions, offering subsidies to private developers for developing last-mile connectivity infrastructure. This initiative aims to address the unique challenges posed by the hilly terrain while ensuring that affordable housing is available even in remote areas. These changes reflect Uttarakhand’s commitment to addressing the housing needs of its residents, especially those from economically disadvantaged backgrounds, and promoting inclusive development throughout the state.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Tamil Nadu Fertiliser Prices Raise Rural Concerns

Tamil Nadu Fertiliser Prices Raise Rural Concerns

Farmers across Tamil Nadu are confronting a sharp increase in cultivation expenses ahead of key planting cycles, as rising prices of fertilisers and crop...
Sudarshan Chemical Investor Meeting Signals Industry Focus

Sudarshan Chemical Investor Meeting Signals Industry Focus

A scheduled investor interaction by a major specialty chemicals manufacturer is drawing attention to the growing role of corporate transparency in sectors that supply...
IFA Steels Expansion Signals Construction Shift

IFA Steels Expansion Signals Construction Shift

Eastern India’s construction materials sector is witnessing another capacity addition as IFA Steels increases production of welded wire mesh,a product increasingly used in modern...
India Cement Industry Watches Tax Credit Decision

India Cement Industry Watches Tax Credit Decision

A recent appellate ruling involving a leading cement producer has renewed focus on the role of tax certainty in India’s manufacturing and infrastructure sectors. The...
Coimbatore Raw Material Park Backs Industrial Resilience

Coimbatore Raw Material Park Backs Industrial Resilience

A proposal for a dedicated Raw Material Park in Coimbatore has brought renewed attention to the infrastructure challenges facing India’s manufacturing focused small and...