MoneymintMoneymint
    • ABOUT
    • BANK
    • CRYPTO
    • MONEY
    • TIPS
    • DISCLOSURE
      • DMCA
      • Terms and Conditions
      • Privacy Policy
    Subscribe
    MoneymintMoneymint
    Home»BUSINESS

    Housing Shortage in Urban India at 24.71 Million Dwelling Units

    By Sushma SinghUpdated:August 8, 2020
    No Homes for Poor
    Share
    Facebook Twitter LinkedIn Pinterest Email
    The Ministry of Housing and Urban Poverty Alleviation has said in a press release that a Technical Group constituted by the Ministry in 2006 to assess the urban housing shortage in India has estimated that at the end of the 10th Five Year Plan (2007-08) the total housing shortage in the country stands at 24.71 million dwelling units.

    Out of this 21.78 million or 88.14% pertains to Economically Weaker Sections (EWS) including the Below Poverty Line (BPL) households. State-wise details indicating the breakup of the housing shortage of 24.71 million is given below.

    Housing Shortage in Urban India at 24.71 Million Dwelling Units

    The Government of India is currently implementing various new schemes for providing affordable housing to India’s urban poor. A new scheme – Interest Subsidy Scheme for Housing the Urban Poor (ISHUP) has been launched for providing interest subsidy on housing urban poor to make the housing affordable and within the repaying capacity of Economically Weaker Sections (EWS)/ Low Income Group (LIG).

    The scheme encourages poor sections to avail of loan facilities through Commercial Banks/Housing Finance Companies for the purposes of construction/acquisition of houses and avails a 5% subsidy in interest payment for loans up to Rs. 1 lakh.

    Another scheme called the Affordable Housing in Partnership launched in 2009 with an outlay of Rs. 5000 crores, seeks the construction of 1 million houses for EWS, LIG, Middle Income Group (MIG) with at least 25% for EWS Category.

    Furthermore, the Government has announced a new scheme called Rajiv Awas Yojana (RAY) for providing support to States that are willing to provide property rights to slum dwellers. The Government Of India hopes to make India slum-free through the implementation of RAY.

    Urban Housing Shortage at the end of the 10th Five Year Plan (dwelling units in million)

    State/UTs
    HOUSING SHORTAGE
    ANDHRA PRADESH 1.95
    ARUNACHAL PRADESH 0.02
    ASSAM 0.31
    BIHAR 0.59
    CHHATISGARH 0.36
    GOA 0.07
    GUJARAT 1.66
    HARYANA 0.52
    HIMACHAL PRADESH 0.06
    JAMMU & KASHMIR 0.18
    JHARKHAND 0.47
    KARNATAKA 1.63
    KERALA 0.76
    MADHYA PRADESH 1.29
    MAHARASHTRA 3.72
    MANIPUR 0.05
    MEGHALAYA 0.04
    MIZORAM 0.04
    NAGALAND 0.03
    ORISSA 0.50
    PUNJAB 0.69
    RAJASTHAN 1.00
    SIKKIM 0.01
    TAMIL NADU 2.82
    TRIPURA 0.06
    UTTARANCHAL 0.18
    UTTAR PRADESH 2.38
    WEST BENGAL 2.04
    A&N ISLANDS 0.01
    CHANDIGARH 0.08
    DADRA & NAGAR HAVELI 0.01
    DAMAN & DIU 0.01
    DELHI 1.13
    LAKSHADWEEP 0.00
    PONDICHERRY 0.06
    ALL INDIA 24.71
    10th five year plan below poverty line economically weaker sections financial inclusion housing shortage india housing urban poor interest subsidy scheme rajiv awas yojana urban infrastructure urban poverty alleviation
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    sushma
    Sushma Singh

    Sushma is a financial expert and online entrepreneur. With years of experience in personal finance and business management, she is dedicated to empowering individuals to take control of their finances and make smart investment decisions. Through Moneymint's website, she provides insightful tips, strategies and resources to help individuals grow their wealth and achieve financial stability. Join Sushma on the journey to financial freedom today!

    Keep Reading
    How to Buy in Bulk for Resale: A Guide

    How to Buy in Bulk for Resale: A Complete Guide

    Best Profitable Side Hustles for Couples

    How to Resell Items on Amazon? A Complete Guide

    How to Resell Items on Amazon? A Complete Guide

    25 Best Scalable Business Ideas You Can Start

    25 Best Scalable Business Ideas You Can Start

    Buying a Laundromat: Everything To Know

    How to Make and Sell Stickers Online: Ultimate Guide

    How to Make and Sell Stickers Online: Ultimate Guide

    Latest Articles
    Bhushan Kumar Net Worth, Income, Property
    March 18, 2023
    What do Public Utilities Jobs Pay? Full List of Jobs
    March 18, 2023
    Ulta Credit Card Payment Process
    March 17, 2023
    Best Weekend Side Jobs to Earn Extra Income
    March 17, 2023
    Sunil Shetty Net Worth, Hotels, Property
    March 16, 2023
    How many Jobs are available in Consumer Services? Full List
    March 16, 2023
    How to Find the History of a Property Online? Full Guide
    March 15, 2023
    A Comprehensive Govt ITI Courses List
    March 15, 2023
    Chiranjeevi Net Worth, Salary, House Price
    March 14, 2023
    20 Best Paying Jobs in Transportation with Salaries
    March 14, 2023

    Subscribe to Moneymint

    Every Sunday we email people like you with top tips, insights and opportunities to manage your finances and build your online business.

    The form collects name and email so that we can add you to our newsletter list for updates. Check out our privacy policy
    Please enter a valid email address
    That address is already in use
    The security code entered was incorrect
    Thanks for signing up
    Moneymint
    Moneymint is a personal finance website that offers a variety of resources and tools to help individuals earn money online, save money, and create passive income streams. The site aims to empower users to take control of their finances and achieve their financial goals.

    Moneymint™ | Corporate Park, D-21, Sector 21, Dwarka, Delhi 110077
    Categories
    • Bank
    • Business
    • Credit Cards
    • Crypto
    • Loan
    • Money
    • Net Worth
    DISCLAIMER

    The content on this site is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on our site may differ from actual numbers. See our Privacy Policy & Disclaimer for more details.

    © 2023 Framed Media
    • About
    • Contact us
    • DMCA
    • Terms
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.