To boost Housing For All scheme, Centre turns to South Korea for help
In a bid to give a fillip to the ‘Housing for All’ scheme, the ministry of housing and urban affairs has sought South Korea’s help in hand-holding of urban local bodies of cities such as Delhi, Mumbai and Bengaluru, and financing urban infrastructure, a senior ministry official said.
Need of this scheme in metropolitan cities
There is rapid urbanisation in the country leading to rising population of metropolitan cities, other cities and towns, accelerated demand for basic services, scarcity of land for affordable housing and growth of slums and unplanned settlements, among others.
Seoul Metropolitan Government can cooperation
- Financing of infrastructure, including housing and other social amenities.
- Smart cities service, including citywide high-speed Wi-Fi connectivity, integrated transport and environment-friendly sewage and waste disposal.
About Rs 5 lakh crore of investment is envisaged in urban development under the ministry’s flagship schemes, including Rs 1 lakh crore for AMRUT (Atal Mission for Rejuvenation and Urban Transformation), Rs 1 lakh crore for smart cities, Rs 1.8 lakh crore for affordable housing and Rs 62,000 crore for the Clean India Mission.
Pradhan Mantri Awas Yojana- Housing for All (Urban)
At the slum decadal growth rate of 34%, the slum households are projected to go upto 18 million. 2 million non-slum urban poor households are proposed to be covered under the Mission. Hence, total housing shortage envisaged to be addressed through the new mission is 20 million.
The Mission is being implemented during 2015-2022 and provides central assistance to Urban Local Bodies (ULBs) and other implementing agencies through States/UTs for:
- In-situ Rehabilitation of existing slum dwellers using land as a resource through private participation
- Credit Linked Subsidy
- Affordable Housing in Partnership
- Subsidy for beneficiary-led individual house construction/enhancement.