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

India Steel Alliance Expands High Grade Production

India Steel Alliance Expands High Grade Production

India’s steel manufacturing landscape is set to gain from a new strategic partnership focused on expanding the domestic production of advanced steel grades,reinforcing the...
India Manufacturing Outlook Boosts Industrial Confidence

India Manufacturing Outlook Boosts Industrial Confidence

India’s manufacturing outlook remains broadly positive despite persistent uncertainty in global trade and industrial markets,with sectors such as machine tools,metals and automobiles expected to...
India Paint Industry Eyes Seasonal Price Shift

India Paint Industry Eyes Seasonal Price Shift

India’s decorative coatings market is expected to witness limited movement in paint prices through the festive season,with analysts indicating that any meaningful price reductions...
India Stainless Steel Policy Shapes Manufacturing Outlook

India Stainless Steel Policy Shapes Manufacturing Outlook

India’s stainless steel industry is urging the government to restore full enforcement of the Quality Control Order (QCO) framework from July,arguing that uniform quality...
Vedanta Iron Steel Stock Gains Investor Attention

Vedanta Iron Steel Stock Gains Investor Attention

Shares of Vedanta Iron Steel continued their upward trajectory in recent trading sessions,reflecting sustained investor interest in India’s expanding metals sector and expectations of...