The Union Cupboard on Wednesday authorised improvement of Reasonably priced Rental Housing Complexes for city migrants and poor as a sub-scheme underneath the Pradhan Mantri Awas Yojana-City, the federal government stated.
As a part of the scheme, current vacant government-funded housing complexes will probably be transformed into Reasonably priced Rental Housing Advanced (ARHC).
An expenditure of Rs 600 crore is estimated within the type of “know-how innovation grant”, an official spokesperson stated on Twitter after the Cupboard assembly.
He stated three lakh beneficiaries will probably be lined initially. The complexes will revert to city native our bodies (ULBs) after 25 years to restart the subsequent cycle.
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