Pradhan Mantri Awas Yojana in Jharkhand – All That You Should Know

Under the popular housing scheme known as the PMAY, the Jharkhand Government will soon initiate a new housing scheme for the benefit of the residents of the state. The Pradhan Mantri Awas Yojana Jharkhand is aimed at constructing at least 1.27 lac affordable houses to provide permanent houses to the slum dwellers struggling to stay with their families.

As per the current Chief Minister of Jharkhand, the government is focused on initiating a project that aims at building houses at affordable prices basically for people who belong to the weaker sections of the society.

Around 50,000 houses will be offered in the urban slum part of the state and more than 74,000 houses will be offered to the families who are presently under Below Poverty Line (BPL) zone and do not have homes

Last year, the present Chief Minister of Jharkhand, Raghubar Das gave a Diwali gift to the poor families residing in the state by offering around 1.27 lakh houses. Only those who do not own homes are eligible for this PMAY scheme.

As per the state government, it has been announced that the primary aim of the popular Housing for All scheme (Pradhan Mantri Awas Yojana Jharkhand) is to offer houses to every family that is currently homeless and hence secure their future in the coming time. This is a great measure taken by the government to improve the life of the underprivileged people. 

The construction cost is estimated to be around INR 7.5 Lakhs per house unit. In this, the Central Government agreed to pay around INR 1 lakh and the state government will also pay around INR 1 lakh. The builder is also liable to contribute up to 55 percent of the house unit. Out of the entire expenses, the beneficiary is expected to pay around INR 1.5 lakh.

Those residents who do not own any house in any part of the entire country are eligible to avail this housing scheme. The seekers have to generate an authentic certificate of their native residence, which is primarily issued by the revenue workers. The applicants are required to have a voter card as well as a valid account to apply for the scheme.

The government has also planned to collaborate with various banks, which are willing to offer loans to the candidates at lower rates to avail the maximum benefits under the Housing for All scheme. The government is working its way around to offer loans at no mortgage so that the applicants face no issue during the loan application process. The lock-in period is estimated to be 15 years approximately. After the loan is cleared and the lock-in period is over, the owner can sell the house without any inhibitions but not before that.

We hope to see more such steps taken by the government of India so that the life of millions of poor people across the country improves.

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