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