Rural Housing Scheme 44% Short Of Target – The EconomicTimes – 16-Dec-2014
December 25, 2014 - Uncategorized
The Centre’s flagship rural housing programme for the 12th Five-Year Plan is almost 44 per cent short of its target so far, making the tough task of achieving Prime Minister Narendra Modi’s vision of housing for all by 2022 even more daunting.
The previous UPA government had set a target of constructing 1.5 crore rural houses under the Indira Awas Yojana during the 12th plan (2012-17).
However, data compiled by the rural development ministry shows that only 44.86 lakh houses have been constructed under the scheme as of November end, which is only 56 per cent of the target of building 80.09 lakh houses in the first three years of the plan period. A senior government official told ET that achieving the robust targets set by the new government under the proposed revamped rural housing scheme will be difficult in the wake of the pile up of unfinished works of previous years.
The rural development ministry, under the NDA government, is giving a fresh push to the rural housing scheme to be called as the National Gramin Awaas Mission, under which it aims to build three crore houses by 2022, starting from 2015. At average cost per unit of Rs 1.17 lakh, against Rs 73,000 now, the total investment on this project would be about Rs 3.45 lakh crore.
“We have a target of constructing 30 lakh and 35 lakh houses in 2015-16 and 2016-17. This means that remaining 2.25 crore houses will have to be built between 2017 and 2022, nearly 45 lakh houses every year, over and above the spill over from the 12th plan,” the official said.In the first year of the plan in 2012-13, 21.8 lakh houses were built under the rural housing scheme, which was 72.6 per cent of the annual target of 30.09 lakh, while last fiscal 15.9 lakh houses were constructed, 64.1 per cent of the target of 24.8 lakh houses.
In the first eight months of this fiscal, the government built only 7.08 lakh houses under the scheme, just 28 per cent of the annual target of 24.1 lakh houses.The new government plans to set up an autonomous registered society to implement and monitor the new scheme and tap institutional or bilateral/multilateralfunding to implement the project in mission mode.However, experts feel that raising such huge money will be a challenge, and utilising it to achieve the set targets will be tougher, considering the huge spill-over from the 12th plan.