5 crore houses to be built by 2022
Prime Minister Narendra Modi said five crore houses will be built for the poor while laying the foundation stone of 'Pradhan Mantri Awas Yojana' in Chhattisgarh. The Centre and the state governments will work together to ensure the project is completed by 2022. He added that the project will also go a long way in promoting employment and skill development.
On 25 June 2015, PM Modi launched the Housing for All (Urban) scheme along with the Smart Cities Mission- Atal Mission for Rejuvenation and Urban Transformation (AMRUT). This ambitious Pradhan Mantri Awas Yojana (PMAY) will work towards providing affordable accommodation for the urban poor by 2022. The project was estimated to cost the government Rs.3 lakh crores.
Before this initiative, the Basic Services to the Urban Poor (BSUP) part of the Jawaharlal Urban Renewable Mission under the Ministry of Housing and Urban Poverty Alleviation worked on the development of slums.
The report by India Ratings affirmed that the 'Housing for All' initiative will give a Rs.15 lakh crore boost to Indian economy over 7 years. The report pegged Uttar Pradesh, Maharashtra and West Bengal to be biggest beneficiaries of the plan. However, the report suggested that this success will depend upon developing the existing 'urban infrastructure, fast-tracking approval process and targeting the actual beneficiary'.
Odisha is set to become the first state to take up construction of houses under the 'Pradhan Mantri Awas Yojana'. The two housing projects will be launched in Bhubaneswar where 700 houses will be built on government land for the urban poor. Odisha is also the first state to have Housing and Urban Poverty Alleviation (HUPA) Ministry approve its 'Housing for All' action plan.
So far, Odisha, Bihar, Jharkhand, Gujarat, Rajasthan, Jammu and Kashmir, Nagaland have signed the MoU with Housing for All project. UP and Delhi sought some more time to sign the MoU.
For steady implementation of NDA government's 'Housing For All' scheme, the Centre has offered to decentralise the plan by including and empowering state governments in the devising and decision-making process of the programme. The government also aims to bring global standards for the 'building and construction process'. Documentation and approval procedures for projects falling under 'Housing For All' will also be facilitated.
Urban Development and Housing and Poverty Alleviation Minister (HUPA) Venkaiah Naidu termed the project as his "most favourable agenda...It is not an easy job. But is possible. We have to make serious efforts for it."
305 cities and towns across 9 states have been selected under the PM's 'Housing for All' scheme. An assistance of Rs.2 lakh crores in the upcoming 6 years will be provided by the HUPA ministry for enabling 2 crores of urban poor get their own houses. The selected cities and towns are in Chhattisgarh(36 cities/towns), Gujarat(30), J&K(19), Jharkhand(15), Kerala(15), MP(74), Odisha(42), Rajasthan(40) and Telangana(34).