Reform Measures and Policy Initiatives - Ministry of Housing ...

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III.enable access of urban poor to the long term institutionalfinance. The Scheme seeks to provide interest subsidy toEconomically Weaker Section (EWS) (income uptoRs.5000/-) and Low Income Group (LIG) (income from Rs.5001 – Rs. 10000/) beneficiaries on availing loans from theBanks /Housing Finance Companies (HFCs) to enhanceaffordability of these income segments. Under this scheme,an interest subsidy of 5 percent per annum will be givenupfront on loans up to Rs. 1,00,000/- taken from Banks /Housing Finance Companies (HFCs) during 11th Five YearPlan. The Loan repayment Period would be 15-20 years. Thetotal plan outlay for the scheme was Rs.1,100crores. TheScheme was to be implemented as a pilot initially, and wasto be reviewed after two years.Cumulatively, till December,2011 only 8,734 beneficiariesin Andhra Pradesh, Chhattisgarh, Karnataka, MadhyaPradesh, Maharashtra, Rajasthan, Tamil Nadu, Uttar Pradeshand Kerala have been covered under the Scheme and totalNPV of interest subsidy of Rs. 7.57 crore has been released.Since June 2011, ISHUP has been dovetailed with theGovernment's flagship Mission of Rajiv AwasYojana (RAY)for a Slum free India. In order to reach out to the targetedbeneficiariesMinistry is in the process of formulaitngInterest Subsidy Scheme for Housing the Urban Poor(ISHUP) into revised forms to be implemented in the 12thFive Year Plan (2012-17) viz.,3.6.2 REVISED INTEREST SIBSIDY SCHEME FORHOUSING THE URBAN POOR (ISHUP)I REVISED INTEREST SIBSIDY SCHEME FORHOUSING THE URBAN POOR (ISHUP) : Under thisscheme existing loans upto Rs. 1.0 lakh with an interestsubsidy of 5% would be provided to JNNURM & RAYbeneficiaries along with capital subsidy as is being extendedto Indira Awas Yojana(IAY) beneficiaries under DifferentialRate of Interest (DRI) scheme.Further, it is proposed to provide loans upto Rs. 1.0 lakh forextension of existing houses to overcome the acute shortageof housing due to congestion factor and conversion of semipuccahouses into pucca houses.II RAJIV RIN YOJANA: For those Economically WeakerSections (EWS) /Low Income Group (LIG) households, whoare not beneficiaries under RAY or JNNURM, it is proposedto provide loans to the extent of Rs. 2.0 lakh & Rs. 4.0 lakh-: 50 :-
in order to realistically finance the increasing cost of housingin urban areas.A sum of Rs. 5,000 crore is proposed to be earmarked out ofACA funds allocated to RAY to finance these two streams ofInterest Subsidy Scheme for Housing the Urban Poor(ISHUP) viz. Revised ISHUP & RRY.IIIIISystem of Committee Meetings to review the ongoing workon regular basis and to establish a structured communicationsystem with the officers of the Council.On the pursuance of the Ministry, the legal documents of theCouncil such as Bye-laws, delegation of powers andrecruitment-cum-promotion rules have been amended in thelight of the recommendations of the 6 th Pay Commission.3.7 BUILDING MATERIALS & TECHNOLOGYPROMOTION COUNCIL (BMTPC)3.7.1 BMTPC has initiated the following measures forstrengthening its intermediate outputs:IWith the opening of economy and consequent risinginvestments in industrial sector, building materials andconstruction industry has also gradually attractedinvestments both from Indian and foreign entrepreneurshigher than before during recent years. In keeping with themandate of BMTPC to stimulate and facilitate action atvarious levels, the Council has been learning from the risingdemands on its tasks from different segments of users. Suchtasks, interalia, include domestic and foreign investment,stimulating information flows and developing supportfunctions and improving infrastructure to meet the changingneeds of housing and building construction sector.3.8 INSTITUTIONAL DEVELOPMENT FOR INCLUSIVEURBAN GOVERNANCE3.8.1 This Scheme will extend support for establishment ofNational and State Institutes to promote inclusive urbangovernance through comprehensive programmes ofdegree/diploma in urban management/trainingprogrammes/handholding/research and IEC activities. Thescheme proposed is to have a national institute as a thinktank to Central Ministries and States on the paradigm ofinclusive governance, 5 Indian Institutes of Urbanmanagement as recommended by the High Power ExpertCommittee (HPEC) in collaboration with States and StateInstitutes.-: 51 :-
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Page 7: crores or Rs. 3923 crores. This wou
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Page 19 and 20: VI While drawing up the operational
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