On the whole, central assistance in the range of Rs 1 lakh to Rs 2.30 lakh per beneficiary would be provided under different components of the National Urban Housing Mission in urban areas to build 2 crore new houses to meet the housing shortage, over the next 7 years.

As per the earlier approval of the Union Cabinet, there are four components to the National Urban Housing Mission.

Under the redevelopment plan of slums with the participation of private developers using land as a resource component, a central grant of Rs 1 lakh on an average per beneficiary would be provided. States/Union Territories are at liberty to use this grant for any slum redevelopment schemes to be taken up to make such projects viable, if required.

In the second category, affordable housing through credit- linked subsidy scheme, an interest subsidy of 6.50 per cent on each housing loan to EWS and LIG beneficiaries would be provided by the central government.

Under third component of affordable housing in partnership with private and public sectors, central assistance of Rs 1.50 lakh to each beneficiary would be provided to promote housing stock for urban poor with the involvement of private and public sectors, provided 35 per cent of dwelling units of the projects proposed are earmarked for EWS category.

For the fourth category of subsidy for individual beneficiary-led construction or enhancement of houses, a central assistance of Rs 1.50 lakh would be provided to each eligible urban poor beneficiary to enable him build his own house or undertake improvements to existing houses.

The housing stock demand may further increase further to the demand assessment to be made by the states and UTs based on online registration through integration of Adhaar Number of Jan Dhan Yojana accounts.

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