Modi govt to introduce Housing Challenge

Modi govt to introduce Housing Challenge
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Story Dated : August 4, 2017
After successful implementation of Smart City Challenge aimed at improving livability in Indian cities, the government is set to boost its Housing for All scheme, where a competition — Housing Challenge — would be conducted to select the most cost-effective technology to provide affordable housing for citizens.
The National Buildings Construction Corporation (NBCC), under the ministry of housing affairs, would provide a housing model to the states and frame the problems that states are likely to face, including dwelling units, funding of the project. The ministry has identified 25 cities where the model can be rolled out on a pilot basis.
The NBCC has drafted 16 different construction technologies approved for Housing for All, as well as different public private partnership models, the business daily added.
What is ‘Housing for All’ scheme?
The government has identified 305 cities and towns in nine states for the beginning of construction houses for the urban poor.
The construction of the first 10,000 dwelling units in the first phase of ‘Housing for all’ project under the Pradhan Mantri Awas Yojna (PMAY) will begin in Maloya in August. Out of the 10,000 units, there will be 3,500 dwelling units for the economically weaker section, 3,000 for low-income group, 2,000 for the middle-income group (MIG-I) and 1,500 for MIG-II. The scheme was launched by Prime Minister Narendra Modi in June 2015.
The government received an impressive 127,000 applications under the scheme and is currently carrying out screening to select eligible candidates. About 50,000 people in Chandigarh are proposed to get housing in 10 phases by 2022. ICICI Bank and AU Housing Finance will reportedly provide subsidized home loans and funding to the people eligible for this scheme.