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sunil kumar gupta

bussiness expert, economist, author & philanthropist

How can India make its employment numbers more credible?

The numerous claims and counterclaims on employment numbers make for a dangerous and fascinating read. Thanks to the politicization of...
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How can India make its employment numbers more credible?

From Bust to Revival – A Deep Dive Into India’s Textile Industry

Introduction Unless you’ve been sleeping on our national economy for the past few years or so, you’ll definitely know that...
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From Bust to Revival – A Deep Dive Into India’s Textile Industry

ANGEL TAX AND ITS IMPACT ON INDIAN STARTUP ECOSYSTEM

It would not be an understatement to say that since last few years Angel Tax have had a huge impact...
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ANGEL TAX AND ITS IMPACT ON INDIAN STARTUP ECOSYSTEM

How India can realize its dream of Housing for everyone by 2022 ?

What is Pradhan Mantri Awas Yojana and how it is going to change the face of the nation?   If...
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How India can realize its dream of Housing for everyone by 2022 ?

How India can realize its dream of Housing for everyone by 2022 ?

By May 6, 2019blog
business expert

What is Pradhan Mantri Awas Yojana and how it is going to change the face of the nation?

 

If you notice,even with such a big nation like India, in the last 60-70 years not everyone has a house of their own. We’ve also been noticing from the past few years that every person wants to have his/her own house. However, it’s only after they spend time between the ages of 25-40 working a job or a business that they manage to think about buying their own house.

Today, the statistics of the country show that about 40-45% population of our country is earning a monthly income of about ₹10,000 – 25,000. So someone with an income of 10,000 – 25,000 cannot even think about buying their own house and those who have a higher income even if they buy a house, it takes them 20-25 years to make their house, so they cannot actually enjoy living in their property in their prime years.

 

So how do we solve that? How do we make sure that every citizen in the country has their own property? Considering that vision, our esteemed prime minister – I always say he has really good vision, he made a unique plan. The statistics of our country say that the requirement of a house is 96% for LIG & EWS which means smaller affordable housing. But in our country, whether it was a government agency or private builders, they would try to earn super normal profits and to do that they kept making such properties which were suitable for the super rich, who could buy them for their investments. The person who had 1 house s/he bought 2 more, 3 more and then sold them at a higher price. This way the person continued doing his/her business but the common man who earned about Rs 25,000 – 40,000 was left out and just kept wondering if they’d ever be able to afford a house of their own or not. So to fulfill that, this Yojna was made which made affordable housing possible.

 

So the government announced that by 2022, they aim at making about 3 crore properties in the country side (gramin shetra) and 2 crore houses in the cities. They wanted to make a total of 5 crore houses due to which every person, every household i.e., a person and his/her family should at least have a house of their own. That is why this Yojna was brought into action.

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