national seminar on green affordable housing · 2014-10-13 · advantage of goi incentives and...

Ministry of Housing &

Urban Poverty Alleviation

(MoHUPA)

National Seminar on

Green Affordable

Housing

June 13, 2014

Rajiv Rinn Yojana

Housing shortage in 2012 ~ 18.78 million

(Source: Technical Group, MoHUPA)

96% of the housing shortage for EWS /LIG

( Source: Technical Group, MoHUPA)

EWS

10.55 m.

56%

LIG

7.41 m.

40%

MIG &

Above

0.82 m.

4%

HHs in Non-

Serviceable

Katcha5% (0.94

m.)

HHs in Obsolesc

ent Houses

12% (2.25 m)

HHs in Congested Houses

80% (15.02m).

HHs in Homeles

s condition3% (0.56

m)

Rajiv Rinn Yojana

Rajiv Rinn Yojana

4

Rajiv Rinn Yojana

To channelize institutional credit to the poor

Increase home ownership and address housing shortage

Enhance affordability of loans

Prevent proliferation of slums and squatter settlements

Utilizing the network of banks and HFCs for making the

credit available to the urban poor households

Enhance private investment in housing sector for

demand led growth in housing stock

Rajiv Rinn Yojana

100% Central

Sector Scheme

for all urban

areas

An interest

subsidy of 5%

on loans to

EWS and LIG

to construct

/extend houses

Loan up to Rs 5

lakh (EWS) Rs 8

lakh (LIG)

interest

subsidy for loan

of Rs 5 lakh

Loans 15-20

years

Rajiv Rinn Yojana

House size: 21-28 sq. mts for EWS and 28 –

60 sq. mts for LIG

Income limit: EWS upto 1 lakh per annum

household income; LIG from 1 to 2 lakhs

Income eligibility certification by the

State Governments.

Loans by banks/HFCs after their own due

diligence

EMIs to be calculated adjusting interest

subsidy.

Rajiv Rinn Yojana

Rs 100/- to NGOs/

facilitators and Rs

500/- to the

banks/HFCs for

promotion/processing

Target-driven

scheme; State

wise and Bank

wise annual

targets

Central Interest

subsidy on

quarterly basis

through HUDCO

and NHB to

banks

Rajiv Rinn Yojana

The RRY envisages to span the 12th Plan period 2012-2017

All loans extended up to 31.3.2017 eligible to

receive interest subsidy for the term of the loan

Women, SCs, STs, Minorities and persons with disabilities to be

given preference

State Governments will be allowed to dovetail

their State Housing Schemes with RRY

Rajiv Rinn Yojana

Rajiv Rinn Yojana

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12

Nominate an Income

Certifying Official

and intimate GoI,

CNAs and PLIs

Identify agency/

NGOs to identify,

motivate and

organize

beneficiaries

Help cell/desk for

facilitation, financial

education and

assisting in

documentation

Assist lenders in

identifying

verification

/certification of

beneficiaries

Ensure Bank/HFC

linkages

Forward application

of beneficiaries to

financing institutions

Rajiv Rinn Yojana

Loans to the

beneficiaries

with interest

subsidy (reduced

EMI)

Provide

statement with

loan amount,

subsidy, EMI,

benefits etc.

Quarterly reports

of sanctioned

/disbursed loans

to the CNAs for

reimbursement

of subsidy

Provide

Utilization/ End

use Certificate to

NHB/ HUDCO on a

quarterly basis

Rajiv Rinn Yojana

Enlist lending agencies to

disburse loans

Release subsidy on the

outstanding loans to the

Banks / HFIs

Constitute Scheme

Monitoring Unit for

monitoring & professional

administration

MIS at National level to

monitor scheme at States,

ULBs, Banks level

Periodic monitoring inputs

to the Ministry of HUPA

Third Party Inspection and

Monitoring (TPIM) to

ensure proper

implementation

Rajiv Rinn Yojana

Implementation, review and monitoring of the scheme

Release the subsidy to Nodal agencies, viz., NHB and HUDCO.

Undertake media campaign and awareness programmes

Regular interactions and field visits for smooth implementation

Create an Inter Ministerial Steering Committee to monitor the scheme

Supervision of quality and timeliness of construction

Rajiv Rinn Yojana

Rajiv Rinn Yojana

Supply Side

Demand Side

Lack of Financial inclusion

Certification of income

Issues with informal sector

Lack of developers in the

segment

Lack of small ticket housing

Low margin proposition

Reasons for non-lending to EWS/LIG

Rajiv Rinn Yojana

Source: Monitor Deloitte “State of the Low-Income Housing Market: Encouraging Progress & Opportunity to

Realize Dreams Of Millions”, July 2013.

1.5 years

Dwellings below `15 lakhs

30,500 units

22 Citiesacross132

Projects

Majority in Ahd,

Mumbai and

Indore

Demand is at least one million Dwellings/ year

Niche Developers

& HFCs

Current

Scenario

Supply is at

20,000

dwellings

Rajiv Rinn Yojana

Availability of land

Clearances from Govt.

Lack of project funding sources

Regulations/ Bye Laws

Issues faced

by Developers

Rajiv Rinn Yojana

Undertake housing projects

with a mix of EWS/LIG –

cross subsidy

Voluntarily earmark

land/ dwellings under the housing projects

Take advantage

of GoIincentives

and schemes

Inclusion of poor in projects

and townships

Rajiv Rinn Yojana

Premjit Lal:Director (Housing)

TeleFax: +91-11-2306 1827Email: directorhousing@yahoo.com