Will the Minister of HOUSING AND URBAN AFFAIRS be pleased to state:
(a) the steps being taken by the Government to meet the housing needs of the poor in the urban areas of the country;
(b) whether the Government proposes to provide housing loan to the poor at subsidised rate through banks and if so, the details thereof; and
(c) the number of houses constructed/ under construction under Pradhan Mantri Awas Yojana during the last three years, location and State-wise?
THE MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF HOUSING AND URBAN AFFAIRS
(SHRI HARDEEP SINGH PURI)
(a): ‘Land’ and ‘Colonization’ are State subjects, therefore, it is the responsibility of States/Union Territories (UTs) to ensure housing for all its citizens. In order to supplement the efforts of States/
Union Territories (UTs), the Ministry of Housing & Urban Affairs has launched the Pradhan Mantri Awas Yojana (Urban) {PMAY(U)} mission on 25.06.2015 with the aim of providing pucca house to all eligible beneficiaries by 2022. The Mission comprises four components viz In-Situ Slum Redevelopment (ISSR); Affordable Housing through Credit-Linked Subsidy; Affordable Housing in Partnership (AHP); and subsidy for Beneficiary-Led individual house construction (BLC).
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(b): Under the Credit Linked Subsidy Scheme (CLSS for EWS/LIG) component of the Pradhan Mantri Awas Yojana (Urban) {PMAY[U]}, beneficiaries of Economically Weaker Section (EWS) and Low Income Group (LIG) not owning a pucca house anywhere in India and seeking housing loans from Banks, Housing Finance Companies and other such identified institutions are eligible for an interest subsidy at the rate of 6.5% for maximum tenure of 20 years.
Government of India has also launched the Credit Linked Subsidy Scheme to provide interest subsidy for housing loans to eligible beneficiaries belonging to Middle Income Group (CLSS for MIG). The Scheme approved, initially, for one year in 2017, has been extended upto 31.03.2019.
The Scheme covers two income segments in the MIG viz. annual household income between Rs.6,00,001 to Rs.12,00,000 (MIG-I) and annual household income between Rs. 12,00,001 to Rs.18,00,000 (MIG-II). The interest subsidy under the scheme will be available to beneficiaries of MIG-I and MIG-II category for loan amount upto Rs.9,00,000/- and Rs.12,00,000/-, respectively. The interest subsidy will be at the rate of 4% and 3% on the principal amount of the loan for for the MIG I and MIG II beneficiary, respectively and would be credited upfront to the housing loans account of the beneficiary.
(c): City and State wise details of the houses constructed and grounded during the last three years under Pradhan Mantri Awas Yojana (Urban) (excluding CLSS component), are at Annexure-I. Details of interest subsidy sanctioned under CLSS, State-wise, are at Annexure-II.
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