Login With Google
Global Housing Technology Challenge
Why is it in the news ?
- To make the construction of houses cost-effective and innovative, the Ministry of Housing and Urban Affairs launched the Global Housing Technology Challenge (GHTC).
- Under GHTC, the Centre will offer about Rs.150 crore as a technology innovation grant to build 6,000 homes.
- The cheaper, faster and better houses to be built using alternative technologies and materials.
More in the news
- The aim of the GHTC initiative under the Pradhan Mantri Awas Yojana Urban (PMAY-U)is to fast-track the construction of affordable housing and meet the target of constructing 1.2 crore houses by 2022.
- The challenge will also focus on identifying and mainstreaming proven demonstrable technologies for lighthouse projects.
- It will also spot potential future technologies for incubation and acceleration support through ASHA (Affordable Sustainable Housing Accelerators)- India.Pradhan Mantri Awas Yojana(PMAY)
- PMAY Scheme is an initiative provided by the Government of India which aims at providing affordable housing to the urban poor.
- The mission of this initiative is to provide housing for all by the year 2022.
Source
The Hindu.