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Rental housing scheme for migrants
Why is it in news?
- A scheme for providing affordable rental housing to about 3 lakh urban migrants was approved by the Union Cabinet.
Details:
- It was announced by Finance Minister as a part of the package to address the COVID-19 crisis.
- It will be implemented as sub-scheme of the Pradhan Mantri Awas Yojana-Urban
- Implementation Ministry: Ministry Housing and Urban Affairs Ministry.
- About 1.03 lakh completed government-funded houses across cities that were yet to be allotted to beneficiaries under existing schemes would be converted into the rental housing complexes
- The urban local bodies in cities would decide the rent amount.
- The vacant housing complexes would be converted through 25-year concession agreements, a statement said.