Indira Awaas Yojana gets more fund

The Union Cabinet gave nod to the Ministry of Rural Development’s proposal to increase the unit cost under Indira Awaas Yojana (IAY), considering the sharp rise in the cost of materials.

As per the approved cost, in plain areas, unit assistance under the scheme has been raised from Rs 45,000 to Rs 70,000 and from Rs 48,500 to Rs 75,000 in hilly and difficult areas.

The increment of unit assistance for homestead site to rural below poverty line (BPL) households who have neither agricultural land nor a house site has been raised from Rs 10,000 to Rs 20,000.

About Indira Awaas Yojana:

It is a flagship scheme of the Ministry of Rural Development and aims at addressing rural housing needs by providing funds for construction/upgradation of dwelling units of BPL families.

Other decisions taken:

National Institute of Design (NID) will be given the status of an ‘Institution of National Importance’. This status would allow NID, Ahmedabad to award degree to its students, which will fulfil the need to professionalise, standardise and internationally benchmark professional design education in India, so as to take full advantage of opportunities opening up in the design industry, both in domestic as well as in international markets.

CCEA gave nod to Coal Ministry’s Proposal of development of area of dwelling units for rehabilitation of affected persons in line with Jawaharlal Nehru National Urban Renewal Mission (JNNURM) norms under the master plan for Jharia and Raniganj Coalfields, within the leasehold of Bharat Coking Coal Ltd and Eastern Coalfields Ltd respectively. The implementation of the Master Plan will ensure the safety of people who will be displaced from endangered areas to safer places with better facilities; saving of large amount of coal from burning which provides scope for using the available reserves eventually; and preventing environmental pollution.

Month: Current Affairs - January, 2013

Category: Government Schemes Current Affairs