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

Ducon Aluminium Infrastructure Order Signals Industrial Growth

Ducon Aluminium Infrastructure Order Signals Industrial Growth

India’s aluminium expansion is creating fresh demand for industrial infrastructure, with Ducon Infratechnologies securing an end-to-end contract for a Forced Cooling Network at a...
Welspun Corp RERA Angle Emerges As Pipe Orders Rise

Welspun Corp RERA Angle Emerges As Pipe Orders Rise

Welspun Corp has secured its largest-ever single pipe order, worth about $1.8 billion, from its US manufacturing operations, sending its shares to a record...
JSW Steel Targets Domestic Iron Ore Supply Shift

JSW Steel Targets Domestic Iron Ore Supply Shift

Kolkata: JSW Steel is moving to reduce its dependence on imported iron ore as new domestic mines, processing capacity and transport links come online....
India Steel Market Adds Pressure on RERA Projects

India Steel Market Adds Pressure on RERA Projects

India’s steel market ended the week largely steady, but firm domestic costs and cautious overseas buying are keeping construction-linked businesses under pressure. The latest...
Mumbai Luxury Housing Expands Under RERA Lens

Mumbai Luxury Housing Expands Under RERA Lens

Mumbai’s high-end housing market is moving beyond its traditional South Mumbai strongholds, with luxury transactions increasingly appearing in established suburban neighbourhoods. Nearly 1,500 homes...