Central Government approves “Housing for all by 2022” project

The Union Cabinet chaired by Prime Minister Narendra Modi, on Wednesday gave its approval for launch of ‘Housing for All by 2022’ aimed for urban areas with following components to States and Union Territories and cities.

Approval was given for rehabilitation of slum dwellers with participation of private developers using land as a resource; promotion of affordable housing for weaker section through credit linked subsidy; affordable housing in partnership with public and private sectors; and subsidy for beneficiary-led individual house construction or enhancement.