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

Goa Coastal Erosion Raises Climate Risk Concerns

Goa Coastal Erosion Raises Climate Risk Concerns

0
Goa’s coastline is undergoing visible transformation, with new scientific assessments indicating a decline in stable shoreline stretches and a rise in erosion across several...
Goa Land Crisis Reshapes Urban Development Debate

Goa Land Crisis Reshapes Urban Development Debate

0
Goa is witnessing an intensifying contest over land use, as rapid real estate expansion and infrastructure pressures reshape the state’s ecological and social landscape....
Pune Housing Society Action Enforces Governance Rules

Pune Housing Society Action Enforces Governance Rules

0
A cooperative housing society in Pune’s Lohegaon locality has been placed under administrative control after regulators disbanded its managing committee over failure to share...
Ahmedabad Hospitality Expansion Strengthens Business Travel

Ahmedabad Hospitality Expansion Strengthens Business Travel

0
Ahmedabad’s hospitality sector is set for further expansion with a new mid-scale hotel planned in the city’s Nikol area, signalling growing investor confidence in...
Pune CBD commercial project signals office demand shift

Pune CBD commercial project signals office demand shift

0
Pune’s core business district is set to see a major addition to its office inventory, with a new large-scale commercial campus planned in Kothrud,...