Affordable housing gets infrastructure status in Budget

The Ministry of Housing and Urban Affairs has sent the demand to the Finance Ministry to increase the budget allocation to three times this year to achieve the target of constructing more than 10 million housing under ‘Housing for all’ scheme in the next 5 years. The budget demand proposal sent to the Finance Ministry has been emphasized only on the housing scheme for everyone.

According to Ministry sources, proposed demand for allotment of about 20,000 crores has been made in the financial year 2018-19 for ‘Mission for all’ under the Prime Minister’s Housing Scheme. It may be mentioned that in the current financial year 2017-18, the Finance Ministry had allocated Rs 6200 crores for this scheme. According to sources, in the initial round of deliberations on budgetary allocation, the Finance Ministry had proposed to allocate 11 thousand crore rupees in this item, but the Ministry of Housing and Urban Development has planned to construct 12 million cheap houses by 2022 under this scheme. Referring to the goal of this, the budget has refused to compromise on the budget allocation.

Budget allocated at least Rs. 17 thousand crore

The Ministry has argued that in view of the high priority of the Prime Minister to provide home to all homeless families in the country, the Finance Ministry should allocate a minimum of Rs 17 thousand crore in the budget for this scheme. Housing and Urban Development Ministry will not be satisfied on the allotment of funds. The Ministry has recently decided to organize international competition to speed up the Prime Minister’s housing scheme.

Only 2.91 lakh houses so far

So far only 2.91 lakh houses have been created in the ‘Home for all’ campaign launched four years ago under the Prime Minister’s Housing Scheme. According to official data, the Ministry has released Rs 11,899 crore under the scheme from the financial year 2014-15 to 2017-18. However, after the slow pace of construction of houses in the scheme, the construction of houses has increased in the last two years.

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