Punjab set to revamp Punjab Housing Policy, Plans Subsidy for poor

Punjab Housing Policy is set to have major changes by the Punjab Government, by ensuring affordable housing.

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Punjab set to revamp Punjab Housing Policy, Plans Subsidy for poor

Punjab Housing Policy is set to have major changes by the Punjab Government, by ensuring affordable housing.

A sustainable housing policy for the underprivileged and economically weaker sections through a new approach – homes for the homeless.

Other than monetising the land handed over to the housing department for the construction of houses, the government also proposes to give cash subsidy of Rs1.5 lakh each to targeted persons for the construction of small dwelling units.

Punjab Shehri Awas Yojana’s contours too, are expected to be finalised during this Cabinet meeting along with the development of new residential urban estates in Hoshiarpur, Jalandhar, Amritsar and Ludhiana.

Houses for the homeless would be provided in both urban and rural areas of the state. State government will link its housing policy with the central schemes and loan/subsidy of Rs1.5 lakh each will be given to homeless families, having annual income of less than Rs3 lakh, for the construction of houses. It is also proposed to monetise the 200 acres of land available with the housing department by auctioning this land and using the money for the construction of dwelling units for the homeless. This land was handed over to the housing department by the builders who are legally bound to reserve 10 per cent of the dwelling space for the EWS.

A sum of Rs50 crore has been set aside in the Budget for providing houses to the homeless. The government has made a commitment to construct 2,000 units for the homeless, as told by Official.

Cabinet will also focus on creating a price stabilisation fund for agriculture, setting up a new horticulture university in Abohar, making Punjab Farmers’ Commission a statutory body and discontinuing the policy of giving two-year extension in service to those superannuating at 58 years of age.

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