--> Govt Launches Rental Housing Policy to Pay Rent Through Vaucher - PMAY

Govt Launches Rental Housing Policy to Pay Rent Through Vaucher

Govt Launches Rental Housing Policy -The Central Government is all set to roll out a Rs 2,700-crore welfare scheme in 100 smart cities to give rent vouchers to the urban poor. This Rental Housing policy has been in the works for three years, the first component is likely to be rolled out in the 2017-18 financial year in the smart cities. The government would launch the new rental housing policy with the rent vouchers for below poverty line (BPL) families.

The scheme would involve the distribution of rent vouchers by urban local bodies. The scheme aims at the migrant population and helping the migrant population. The government is also exploring the option of direct benefit transfer in this voucher scheme.

The value of rent voucher would be determined by the urban local body on the basis of class or size of the dwelling unit and the prevalent rent in the city.

The scheme is expected to cost Rs 2,713 crore every year to implement in smart cities. 35% of urban households lived on rent in 2009.

The ministry would now prepare a Cabinet note to push the rental voucher scheme. The move comes close to a recommendation by a group of secretaries of health, sanitation and urban development

The government would also monetise the confiscated benami properties for construction of affordable homes to address the housing shortage.

These vouchers will be provided to  BPL families. Its aims directly at the urban poor and helping the migrant population.Rent vouchers will be distributed by the urban local bodies.

Also Read- All Government Scheme And News

Leave a Comment