The Modi government will rent a house for Rs. 1000 under this scheme

By | June 29, 2020

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The Modi government will rent a house for Rs. 1000 under this scheme

The Modi Government is planning to utilize 1 lakh vacant housing units under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and Rajiv Awas Yojana under this scheme.

According to a news website, the scheme was introduced under this reasonably priced rental housing scheme during the tenure of the UPA government. Now the Modi government is going to use it for migrant workers.

The scheme has been announced by Finance Minister Nirmala Sitaram on May 14

Benefits will be available based on different categories

According to a senior official, under the prepared draft, the ministry will fix a rent of Rs 1,000 to Rs 3,000 per month for different categories.

This will include construction workers, labor and people working in the unorganized sector. Students will also be covered in the scheme.

Proposed to build 75 thousand units in different cities

A rental housing project will be built on PPP model under the rental housing scheme. According to sources, the project will also be built under VGB Viability Gap Funding.

It will be funded under the Prime Minister’s Urban Housing i.e. PMAY Urban Scheme. In the first phase, it is proposed to build about 75,000 units in different cities.

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