Two
Million Housing Programme
as on 31.08.2008
In accordance with the National Housing & Habitat Policy 1998 which focuses on Housing for All as a priority area, with particular stress on the needs of the Economically Weaker sections and Low Income Group categories, the Two Million Housing Programme was launched during 1998-99. This is a loan based scheme, which envisages facilitating construction of 20 lakh additional units every year (7lakh DUs-in Urban areas; 13 lakh DUs in Rural areas). HUDCO is to meet the target of 4 lakh dwelling units in Urban areas and 6 lakh dwelling units in Rural areas annually. The target of 2 lakh dwelling units in Urban areas is to be met by Housing Finance Institutions [HFIs] recognized by the National Housing Bank & Public Sector Banks and the balance 1 lakh dwelling units in Urban areas by the Co-operative Sector.
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The physical and financial progress of the 2 MHP since its inception [1998-1999] till 2005-06/2006-07 /2007-08 in Urban areas is as under. The progress made by HUDCO in the Rural areas under this programme is also as under:
I. HUDCO (year-wise target, number of DUs & loan sanctioned):
*as on 31.08.2008
II. HFIs and Public Sector Banks (year-wise target,
number of DUs & loan
sanctioned):
*as on 31.08.2008
III.
Co-operative Sector (URBAN):
(year-wise target, number of DUs &
loan sanctioned)
*Tentative Figures
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The primary responsibility for fulfillment of the targets in physical terms rests with the State Governments, while HUDCO and other agencies make the funds available in the form of loans. Hence the successful implementation of the scheme largely depends upon the cooperation of the agencies of the State Governments responsible for launching and implementation of various housing schemes. Housing Cooperative societies and private sector will also be encouraged to participate in the housing activity in a big way provided a facilitating environment is created by the State Governments in the form of legal, administrative and fiscal reforms.
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