Urban Development and Housing department Secretray Ajoy Kumar Singh chaired a meeting with State Level bankers Committee members on Prime Minister’s Awas Yojna (Urban) here on Wednesday. During the meeting several important decisions were taken to facilitate slum dwellers and other urban residents to get benefitted from the ambitious scheme.

It was decided that the urban civic bodies will select the beneficiaries and provide them allotment letters, on the basis of which the banks will provide them loans.

Apart from the subsidy provided by the State or Central government the beneficiary has to pay the rest of the money on his own or taking loan from bank.

In the first component the slum dweller beneficiaries have to pay Rs 1.5 lakh either on their own or taking it as loan from banks. In the third component the beneficiaries have to pay Rs 4.5 to 5.5 lakh either by themselves or by taking loan from banks.

After 15 years locking period and full loan repayment the house will be transferred to the beneficiaries. 

In order to simplify these rules two team sof the Urban Development department and banks will visit Raipur and Gujarat.

The facilitator agency of the Housing department and Urban Development department will provide information on the scheme to the government. Workshops will soon be organised on the issue to  be attended by representatives of urban civic bodies, builders, officers and bank management.

During the meeting Urban Development Secretary said that the priority of the Central and State government is to provide home to the people living in slums of urban areas.

The government is identifying and providing house to such people.

In the coming days the project will be implemented with fast pace and the cooperation of banks was needed in the project, he added.