Rs 14,200 cr allotted to housing for all programme | business | Hindustan Times
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Rs 14,200 cr allotted to housing for all programme

Finance minister Arun Jaitley proposed an allocation of Rs 14,200 crore in the 2015-16 budget to fund the government’s flagship program to provide housing for all by 2022.

business Updated: Mar 01, 2015 00:38 IST
HT Correspondent

Finance minister Arun Jaitley proposed an allocation of Rs 14,200 crore in the 2015-16 budget to fund the government’s flagship program to provide housing for all by 2022.

Of this, while Rs 4,175 crore will be spent for building two crore houses in urban areas, another Rs 10,025 crore will be used to construct four crore houses in rural areas.

“A roof for each family in India. The call given for Housing for All by 2022 would require Team India to complete two crore houses in urban areas and four crore houses in rural areas,” Jaitley said.

The urban leg of the programme will be implemented by the housing and urban poverty alleviation ministry.

Four categories of urban poor will be targeted through the scheme — these include slum dwellers, urban poor not living in slums, prospective migrants and the homeless.

The ministry has proposed rehabilitating slum dwellers in newly-constructed houses of up to 30 square metres. Private developers would be roped in for building these houses.

For rural housing, Jaitley has proposed an outlay of Rs 10,025 crore. Out of this, Rs 1,003 crore has been earmarked for the Northeast region and Sikkim.

Under the program, assistance will be provided for the construction of dwelling units and for the upgradation of existing unserviceable kachha houses for Scheduled Castes/Scheduled Tribes and non-SC/ST rural families living below the poverty line.

Rs 6,000 cr for smart cities project


Smart cities get Rs 6,000 crore

With a lot of groundwork still required before the government’s program to develop 100 smart cities takes off, finance minister Arun Jaitley allocated Rs 6,000 crore for the smart cities project and to develop infrastructure in another 500 cities

Jaitley had allocated Rs 7,040 crore in 2014-15 budget for developing smart cities. The overall allocation of the urban development ministry has also been reduced to Rs 16,832 crore in 2015-16 from Rs 17,628 crore in 2014-15.