Over 15 lakh houses to be built for urban poor: PM

Sep 14 2013, 16:12 IST
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Increase in urban population puts immense pressure on country's urban infrastructure. (AP photo) Increase in urban population puts immense pressure on country's urban infrastructure. (AP photo)
SummaryPM says Rs 2,400-crore housing project for slum dwellers will give a new dimension to the country.

Noting that rapid urbanisation has led to the problem of growing slums in cities, Prime Minister Manmohan Singh said on Saturday the Centre plans to construct over 15 lakh houses for the urban poor.

Inaugurating a Rs 2,400-crore housing project for slum dwellers on the outskirts of the city, Singh said he expects Chandigarh to become the first slum-free city in the country.

"I believe such important projects will give a new dimension to the country in its journey for becoming a developed nation," he said.

Rapid increase in urban population would put immense pressure on urban infrastructure in next couple of years, the Prime Minister said, adding the the urban population in the country was going to increase by 22 crore in next 20 years.

"The pace of urbanisation in India is going very fast. In 1971, the urban population was 11 crore. In last 40 years till the year 2011, the strength in urban population went up by 27 crore. It is estimated that its strength will go up by 22 crore in next 20 years," Singh said.

Increase in urban population will put immense pressure on country's urban infrastructure. "Our growing slums in cities present a picture of the kind of problems arise because of urbanisation," he noted.

He said that the strength of people living in slums was estimated to grow from 10 crore to 10.4 crore by 2017.

The Prime Minister said a sum of Rs 41,000 crore is expected to be invested for setting up 15.6 lakh houses under Jawaharlal Nehru National Urban Renewal Mission scheme (JNNURM) scheme.

"Till now since the inception of JNNURM, 15.6 lakh houses have been approved to be developed and for which Rs 41,000 crore of investment is expected to be invested," he said.

The Centre has floated Rajiv Awaas Yojna scheme for making the country slum free, Singh said. Under this scheme, the Centre will try to construct up 10 lakh houses for urban poor people in next four years.

The government is providing a loan of Rs 5 lakh to urban poor people with interest subsidy of 5 per cent on bank loan.

"A Credit Risk Guarantee Fund of Rs 1000 crore has also been set up for this purpose whereby urban poor people will get collateral free bank loan for the houses," he said.

He said that a scheme to involve the private sector in creating housing facilities for the urban poor has been started.

"Under the scheme private

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