Now affordable steel homes can be built at an affordable rate of Rs. 2 Lakhs under the Central’s ambitious initiative ‘Pradhan Mantri Awas Yojana (PMAY)’.
Affordable steel homes can easily be constructed at a nominal expenditure of Rs. 2.0 lakh under the central government ambitious housing mission, Pradhan Mantri Awas Yojana. The Union Steel Minister Chaudhary Birender Singh informed that if this would take place then the consumption of steel could be increased across the country.
Steel Homes under PM Awas Yojana
As per the officials, the National Steel Policy (NSP) not only envisages enhanced 300 million tonne (MT) steel capacity in the country but also stresses the need for increased consumption and this calls for diversification and maximum use of the alloy in projects.
According to the directions, Rs. 1.50 Lakhs and Rs. 1.60 lakhs for hilly areas are provided under PM Awas Yojana. Ministry of Rural Development assures tie-ups with banks for Rs. 70,000 and this way the allocation will be over Rs 2 lakh. While the homes primarily using steel could be made available for Rs. 2.0 lakh under PMAY.
These homes will not only enhance the steel consumption across the country and augment infrastructure, but the houses will also be extra strong, durable and cost effective. These homes will not only be cost-effective but quick to construct.
The Chhattisgarh State government has agreed to such a proposal and discussions were also held with other states and bodies as this will be a viable proposition.
News Source: http://economictimes.indiatimes.com/wealth/personal-finance-news/steel-homes-under-pm-awas-yojna-for-just-rs-2-lakh-says-union-minister-birender-singh/articleshow/58807252.cms