was successfully added to your cart.

sunil kumar gupta

business expert, economist, author & philanthropist

COVID-19 – Few tips to master ‘Work From Home’

With the outbreak of the COVID-19 and the subsequent nationwide lockdown, life is operational in a more or less standstill mode now....
Read More
COVID-19 – Few tips  to master ‘Work From Home’

Reserve Bank of India’s big move to inject liquidity in the market and big relief to the common man and small businesses

In order to mitigate the financial stress due to the disruptive force of COVID-19, the Reserve Bank of India had...
Read More
Reserve Bank of India’s big move to inject liquidity in the market and big relief to the common man and small businesses

Government announces financial relief to combat the lockdown crisis

The Hon’ble Finance Minister, Nirmala Sitharaman held a press conference on 26th March, 2020 and announced economic package of ₹1.7 lakh...
Read More
Government announces financial relief to combat the lockdown crisis

Relaxation from tax and regulatory compliance timelines in view of COVID-19 outbreak

Relaxation from tax and regulatory compliance timelines in view of COVID-19 outbreak Having gripped the world with massive footprints, the...
Read More
Relaxation from tax and regulatory compliance timelines in view of COVID-19 outbreak

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

By May 6, 2019blog

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.

admin

About admin

Leave a Reply