{"id":35020,"date":"2018-10-31T14:48:24","date_gmt":"2018-10-31T09:18:24","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=35020"},"modified":"2018-10-31T14:48:24","modified_gmt":"2018-10-31T09:18:24","slug":"leg-up-for-pms-pet-housing-project","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/leg-up-for-pms-pet-housing-project\/","title":{"rendered":"Leg-up for PM\u2019s pet housing project:\u00a0"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-national\/leg-up-for-pms-pet-housing-project\/article19731972.ece\"><span style=\"font-weight: 400;\">Leg-up for PM\u2019s pet housing project<\/span><\/a><span style=\"font-weight: 400;\">:\u00a0<\/span><\/p>\n<p><b>Context:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Pradhan Mantri Awas Yojana &#8211; Housing for all (Urban)<\/span><\/li>\n<\/ul>\n<p><b>Why is it in the news?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">People purchasing a low-end house from a private developer will be eligible for financial help under the \u2018Housing For All\u2019 scheme of the Union government<\/span><\/li>\n<\/ul>\n<p><b>What is the importance of this announcement?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Pradhan Mantri Awas Yojana (PMAY) or \u2018Housing For All\u2019 has been moving at a very slow pace<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">This will help in meeting the housing requirements for all targets<\/span><\/li>\n<\/ul>\n<p><b>Why is this announcement important? <\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">This policy seeks to assign risks among the government, developers, and financial institutions, to those who can manage them the best<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">This will help in utilizing the under-utilized and unutilized private and public lands towards meeting the housing for all target<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The government was to construct 12 lakh houses under PMAY by 2017-18, but only 1.49 lakh houses have been constructed till last year.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Eligible buyers can get the Central assistance of about Rs. 2.50 lakh per house as interest subsidy on bank loans or can get up to Rs. 1.50 lakh otherwise as one-time assistance<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">This policy aims to attract investments from developers through the PPP model<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Effects of developed and developing countries policies<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leg-up for PM\u2019s pet housing project:\u00a0 Context: Pradhan Mantri Awas Yojana &#8211; Housing for all (Urban) Why is it in the news? People purchasing a low-end house from a private developer will be eligible for financial help under the \u2018Housing For All\u2019 scheme of the Union government What is the importance of this announcement? Pradhan&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/leg-up-for-pms-pet-housing-project\/\">Continue reading <span class=\"screen-reader-text\">Leg-up for PM\u2019s pet housing project:\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-35020","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704817595},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/35020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=35020"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/35020\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=35020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=35020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=35020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}