MPs con­cern over de­clin­ing credit flow to EWS hous­ing; seek in­fra sta­tus

Accommodation Times - - News -

Union Hous­ing Min­is­ter Venka­iah Naidu has said that the Hous­ing for All ini­tia­tive to be launched soon seeks to ad­dress the short­com­ings of the ear­lier hous­ing schemes and is more work­able, dur­ing a meet­ing with Mem­bers of Par­lia­men­tary Con­sul­ta­tive Com­mit­tee, where the MPs ex­pressed con­cern over the steadily de­clin­ing hous­ing loans to weaker sec­tions from Public Sec­tor Banks and Hous­ing Fi­nance Cor­po­ra­tions. They strongly felt that grant­ing ‘in­fra­struc­ture sta­tus’ to hous­ing sec­tor would help in meet­ing the credit needs. Naidu sought to ad­dress the con­cerns voiced by the Mem­bers of the Par­lia­men­tary Con­sul­ta­tive Com­mit­tee of the Min­istries of Ur­ban De­vel­op­ment and Hous­ing & Ur­ban Poverty Alle­vi­a­tion. The Mem­bers of Par­lia­ment dis­cussed ex­ten­sively var­i­ous im­ple­men­ta­tion is­sues re­lat­ing to con­struc­tion of 2 crore houses for the ur­ban poor by the year 2022. Min­is­ter said that af­ford­able hous­ing in ru­ral and ur­ban ar­eas needs land ac­qui­si­tion and this was one of the ob­jec­tives of amend­ments pro­posed by the Cen­tral Gov­ern­ment to the Land Ac­qui­si­tion Act of 2013. Naidu in­formed the mem­bers that an in­vest­ment of about Rs.3 lakh crore is re­quired to meet the hous­ing short­age in ur­ban ar­eas and the new Hous­ing for All scheme has been for­mu­lated to cre­ate an en­abling en­vi­ron­ment based on the ex­pe­ri­ences of im­ple­men­ta­tion of ear­lier hous­ing schemes. He said the Hous­ing Mis­sion has four com­po­nents viz., Slum Re­de­vel­op­ment, Af­ford­able Hous­ing through Credit Linked Sub­sidy, Af­ford­able Hous­ing in Part­ner­ship and Sub­sidy for Ben­e­fi­ciary-led in­di­vid­ual house con­struc­tion/en­hance­ment.

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