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 Coal Output Crosses One Billion Tonnes Again

India Coal Output Crosses One Billion Tonnes Again

0
India has crossed the one billion tonne mark in coal production for the second consecutive year, reinforcing its position as one of the world’s...
Coal India Absorbs Costs To Stabilise Energy Prices

Coal India Absorbs Costs To Stabilise Energy Prices

0
Coal India Limited has moved to absorb a sharp rise in operational costs, choosing not to pass the burden onto consumers in a bid...
JK Maxx Paints Strengthens Market Push With Celebrity

JK Maxx Paints Strengthens Market Push With Celebrity

0
JK Maxx Paints has appointed Bollywood actor Akshay Kumar as its brand ambassador, signalling an intensified push to expand its footprint in India’s competitive...
Berger Paints India Financial Strength Signals Stability

Berger Paints India Financial Strength Signals Stability

0
Berger Paints India Limited has reaffirmed its conservative financial strategy through a recent regulatory filing, confirming that it does not fall under the Securities...
India Texture Paint Market Growth Driven By Housing Demand

India Texture Paint Market Growth Driven By Housing Demand

0
India’s texture paint segment is emerging as a fast-evolving subset of the broader coatings industry, driven by rising housing demand, urban expansion, and a...