Govt raises income bar for EWS, LIG housing
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In a move that could help a large number of urban poor, the government has decided to raise the bar on annual income required to qualify for benefits under its existing housing schemes for Economically Weaker Sections (EWS) and Lower-Income Groups (LIG).
"Now urban poor having an annual household income of up to Rs 1 lakh will be classified as EWS and those falling between Rs 1 lakh and Rs 2 lakh would be categorised as LIG," said a government release quoting Union minister for housing Ajay Maken.
Sources say that it is estimated that the government will build 5 lakh houses in Delhi in the near future, which will lead to the a lot of high-rise buildings being constructed.
PTI reported that Maken said that the decision will be put in place during the 12th Five-Year Plan and is being communicated to banks and state governments for effective implementation.
"We have issued orders from the ministry and banks and state governments will be told about it. It will be implemented with immediate effect," he said.
After inaugurating the Build Tech-2012 organised by HUDCO here, the Union Minister said "now, these people will be able to take benefits under Rajiv Awas Yojna (RAY) and EWS Housing Schemes", he said adding in a lighter vein "they will not be required to make false income certificates anymore".
On number of people who will benefit by these measures, Maken said, "We have a target of covering 20 lakh people under the 12th Five Year Plan and this is going to be a "big step" in that direction as more people will now qualify for (home) loans." With agencies