HOUSING
SCHEME FOR URBAN POORS – GOVERNMENT SCHME
News:
PM Modi announces new
scheme to help urban poor build houses
What's
in the news?
● Recently,
Prime Minister in his address on 77th Independence Day, unveiled a new scheme
aimed at alleviating the housing crisis faced by the urban poor.
Key
takeaways:
● The
new scheme complements the Pradhan
Mantri Awas Yojana Urban (PMAY-U), a flagship government initiative
launched in 2015.
Housing
Scheme for Urban Poors:
● Aimed
at assisting the urban poor in building houses in cities.
● Relief in interest rates and loans
from banks for house construction.
● Targeting
those living in rented houses, slums, chawls, and unauthorized colonies.
● Middle-class
families also benefit from the scheme.
● Government’s
support to help save lakhs of rupees for the beneficiaries.
Beneficiaries:
● Female members
of beneficiary families are preferred as the head of the household.
● Widows,
transgenders, and differently-abled individuals receive special attention.
● Focuses
on empowering women through property ownership.
● Beneficiary
selection involves thorough surveys and verification.
Significance:
1.
Demand-driven Approach:
● Conducts
surveys to assess housing demand at the city and state levels.
● Beneficiary
demand shapes the scale and scope of housing projects.
● Helps
avoid underutilization of resources and mismatched housing supply.
2.
Geotagging:
● Geotagging
involves adding geographical coordinates to identify the location.
● Houses
are geotagged using the Bhuvan platform developed by ISRO.
● Enhances
transparency by enabling beneficiaries to verify house locations.
3.
Women Empowerment:
● Provides
recognition and ownership rights to women in property matters.
● Helps
in bridging the gender gap in property ownership.
● Promotes
women’s financial security and decision-making power.