Interview Guidance Program (IGP) for UPSC CSE 2024, Registrations Open Click Here to know more and registration
Contents
What is the News?
Union Minister of Housing and Urban Affairs has informed that about 88,236 govt-funded vacant houses are available. They can be converted into Affordable Rental Housing Complexes under the Affordable Rental Housing Complexes Scheme.
About Affordable Rental Housing Complexes Scheme:
- Affordable Rental Housing Complexes(ARHCs) is a Sub-scheme under Pradhan Mantri Awas Yojana- Urban (PMAY-U) to provide affordable rental housing to urban migrants/ poor close to their workplace.
Objectives:
- To address the vision of ‘AtmaNirbhar Bharat Abhiyan’ significantly by creating a sustainable ecosystem of affordable rental housing solutions for urban migrants/poor.
- To achieve the overall objective of “Housing for All” encompassing the need for affordable rental housing for urban migrants/poor.
- Also, to create a conducive environment by incentivizing Public/Private Entities to leverage investment in rental housing.
Duration:
- ARHCs to be considered till PMAY (U) Mission period, i.e. March 2022.
Beneficiaries:
- Beneficiaries for ARHCs will be varied groups of urban migrants/ poor from EWS/ LIG categories including industrial & construction workers, migrants working with market/ trade associations, educational/ health institutions, hospitality sector, long-term tourists/ visitors, students, etc.
Implementation Strategy: The ARHCs will be built through a two-pronged strategy: –
- Strategy-1: Utilizing existing Government funded vacant houses to convert into ARHCs through Public-Private Partnership (PPP) or by Public Agencies.
- Strategy-2: Construction, Operation & Maintenance of ARHCs by Public/ Private Entities on their own available vacant land.
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.