Around 27,000 people in Gurugram are likely to receive financial aid for building their homes under the centrally sponsored Pradhan Mantri Awas Yojana.
If MCG officials are to be believed, the state government has already approved their applications and forwarded detail project reports (DPRs) to the central government for the final approval and funds. Those selected would get up to Rs 2.5 lakh financial aid from the government for building their own houses. Additionally, a beneficiary can also avail loan at subsidized rates if expenses exceed Rs 2.5 lakh limit.
“The state government has already approved the DPRs sent by us. As per our information, the matter will come up for discussion in coming days. As soon as we get the approval from the Centre, we will start work on the ground,” said Mahender Singh, city project officer, MCG.
According to officials, the corporation had received over 37,000 applications, of which 5,000 didn’t even qualify (for various reasons) for the benefits under the housing scheme. During scrutiny, another 3,000 applications were rejected due to lack of proper documents.
“To be able to apply for the benefits under the central scheme, one has to be a resident of the district, his income should be within the threshold of non-taxable income, and should not have more than one property in Gurugram” said Singh.
The 27,000-odd beneficiaries are listed for benefits in three categories — beneficiary-led house construction, credit-linked subsidy (CLS) and affordable housing in partnership (AHP).
The government will pay subsidy up to Rs 2.50 lakh. In case expenses incurred by a beneficiary exceed Rs 2.5 lakh, the government will help him avail loan for the remaining amount at low interest and on easy installments. A loan of up to Rs 6 lakh will be given at a subsidized interest rate of 2.5 %; between Rs 6 lakh and 9 lakh will be given at 5% and a loan of Rs 9 lakh-Rs12 lakh will be given at 6%.
While MCG is the coordinating agency, houses will be developed by Haryana Housing Board, along with Huda and HSIIDC. A construction company will be appointed for the project and the housing board will overlook the process of construction, said an official.