Context: The Union Cabinet chaired by the Prime Minister, has given its approval for developing of Affordable Rental Housing Complexes (AHRCs) for urban migrants or poor as a sub-scheme under Pradhan MantriAwasYojana - Urban (PMAY - U).
- COVID-19 pandemic has resulted in massive reverse migration of workers or urban poor in the country who come from rural areas or small towns seeking better employment opportunities in urban areas.
- Usually, these migrants live in slums, informal or unauthorized colonies or peri-urban areas to save rental charges.
About the scheme:
- Under the scheme, an expenditure of Rs 600 Crore is estimated in the form of Technology Innovation Grant which will be released for projects using identified innovative technologies for construction.
- The scheme will provide AHRCs by:
- Converting existing vacant government funded housing complexes through Concession Agreements for 25 years.
- Concessionaires will make the complexes livable by repair or retrofit.
- States or UTs will select concessionaires through transparent bidding.
- Complexes will revert to ULB after 25 years to restart the next cycle like earlier or run on their own.
- Special incentives like use permission, 50?ditional FAR/FSI, concessional loan at priority sector lending rate, tax reliefs at par with affordable housing etc.
- This will be offered to private/ public entities to develop ARHCs on their own available vacant land for 25 years.
- A large part of the workforce in manufacturing industries, service providers in hospitality, health, domestic/commercial establishments, and construction or other sectors, labourers, students etc.
- Approximately, three Lakh beneficiaries will be covered initially under ARHCs.
- ARHCs will create a new ecosystem in urban areas making housing available at affordable rent close to the place of work.
- Investment under ARHCs is expected to create new job opportunities.
- ARHCs will cut down unnecessary travel, congestion and pollution.
- Government funded vacant housing stock will be converted into ARHCs for economically productive use.
- The scheme would create a conducive environment for Entities to develop AHRCs on their own vacant land which would enable new investment opportunities and promote entrepreneurship in the rental housing sector.
- This scheme seeks to fulfill the vision of AtmaNirbhar Bharat.
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Pradhan Mantri Awas Yojana (Urban)
Ministry of Housing and Urban Affairs
- Launched in 2015, PMAY(U) intends to provide housing for all in urban areas by year 2022.
- The Mission provides Central Assistance to the implementing agencies through States/Union Territories (UTs) and Central Nodal Agencies (CNAs) for providing houses to all eligible families/ beneficiaries against the validated demand for houses for about 1.12 cr.
- As per PMAY(U) guidelines, the size of a house for the Economically Weaker Section (EWS) could be upto 30 sq. mt. carpet area, however States/UTs have the flexibility to enhance the size of houses in consultation and approval of the Ministry.
- In continuation to this Government’s efforts towards empowerment of women from EWS and LIG unlike earlier schemes, PMAY (U) has made a mandatory provision for the female head of the family to be the owner or co-owner of the house under this Mission.
- A basket of options is adopted to ensure inclusion of a greater number of people depending on their income, finance and availability of land through following four options.