The Union Cabinet has approved the proposal of the Ministry of Rural Development to provide a quality and affordable house to the rural poor keeping in view the steep increase in cost of materials.
The Government has raised the amount of assistance from Rs 45,000 to Rs 70,000 for construction of a dwelling unit in Indira Awaas Yojana. For hilly and other difficult areas, the grants for constructing houses have been increased from Rs 48,500 crore to Rs 75,000.
There will also be a provision now of loan up to Rs 20,000 - up from Rs 10,000 - with four per cent interest for buying land for the house.
About Indira Awaas Yojana:
The IAY is a flagship scheme of the Ministry of Rural Development and aims at addressing rural housing issues by providing grant for construction / upgradation of dwelling units of BPL families especially giving priority to Scheduled Castes/Scheduled Tribes, freed bonded labourers and physically challenged persons with financial assistance of Rs. 45,000/- in plain areas and Rs. 48,500/- in hilly /difficult areas.
The Government has raised the amount of assistance from Rs 45,000 to Rs 70,000 for construction of a dwelling unit in Indira Awaas Yojana. For hilly and other difficult areas, the grants for constructing houses have been increased from Rs 48,500 crore to Rs 75,000.
There will also be a provision now of loan up to Rs 20,000 - up from Rs 10,000 - with four per cent interest for buying land for the house.
About Indira Awaas Yojana:
The IAY is a flagship scheme of the Ministry of Rural Development and aims at addressing rural housing issues by providing grant for construction / upgradation of dwelling units of BPL families especially giving priority to Scheduled Castes/Scheduled Tribes, freed bonded labourers and physically challenged persons with financial assistance of Rs. 45,000/- in plain areas and Rs. 48,500/- in hilly /difficult areas.
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