PMAY Jharkhand Housing Scheme 2019-20 – The Jharkhand Government is going to launch a project for constructing houses at affordable rates of G+3 category (Ground Plus 3 Floor) under the Pradhan Mantri Awas Yojana (PMAY central government’s ambitious housing scheme) for the people living in slums across the state.
PMAY Jharkhand Housing Scheme 2019-20
The State Government of Jharkhand led by the Chief Minister Raghubar Das going to gift 1.27 lakh houses to the people belonging to the poor community of the state under the state housing scheme i.e. Jharkhand Housing Scheme.
Details of PMAY Jharkhand Housing Scheme 2019-20
Under the PMAY Jharkhand Housing Scheme 2019-20, the total construction cost per housing unit is estimated to be around Rs 7.5 lakh. In order to cover these expenses, the central government will give Rs 1 lakh assistance and the state government will provide 1 lakh assistance for each housing unit. Apart from this, the builder will also contribute a share of 55 percent, which will reduce per unit cost by about Rs 4 lakh. Therefore, the beneficiary will have to the remaining amount of Rs 1.5 lakh.
On the lines of PM Modi’s dream project “Housing For All by 2022”, the Jharkhand Government will also provide affordable houses to the poor homeless people of the state who do not own a house in any part of the country.
In order to avail the benefits of this housing scheme, the prospective seekers will have have to produce the following documents –
- A certificate issued by the revenue workers of their native state.
- An application must mandatorily have a voter card
- Bank Account Details are also mandatory
Cost Of Houses Under PMAY Jharkhand Housing Scheme 2019-20
According to the government statement, the cost of these affordable houses is estimated at about Rs 7-8 lakh. Out of this amount, the beneficiary must have to pay out Rs 5-6 lakh, while the remaining amount will be paid jointly by the central and state government.
The Jharkhand Municipal Corporation has conducted a survey for identifying the homeless people of the state. According to this survey, approximately 53,000 people are living in slums while there are 72,000 people without a home.
Home Loans At Low-Interest Rates
Under this housing scheme, the state government will collaborate with banks for offering home loans at lower interest rates for the beneficiaries of the scheme. Apart from this, there will be no requirement of mortgage to avail these loans.
Lock-In Period Of Houses
Under this scheme, the lock-in period of these houses will be 15 years. At the end of this period, the owner will be able to sell the house.