NEW DELHI: Prime Minister Narendra Modi would formally launch his government’s three flagship programmes -- Smart Cities Mission, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) for 500 cities, and ‘Housing for All by 2022’ -- at the Vigyan Bhawan on Thursday in the presence of senior officials from the Central and state governments and Union Territories dealing with urban affairs.
The Union Cabinet had on June 17 approved the ‘Housing for All by 2022’ scheme, which envisages rehabilitation of slum dwellers with the participation of private developers; promotion of affordable housing for weaker section through credit-linked subsidy; affordable housing in public-private partnership mode; and subsidy for beneficiary-led individual house construction or enhancement.
‘Housing for All by 2022’ aims at providing two crore affordable housing for urban poor. Sources said the Central grant for the project would be Rs 3 lakh crore over the next seven years.
When it comes to the Smart Cities Mission and the AMRUT for 500 cities, the Union Cabinet had on April 29 cleared the two projects, with outlays of Rs 48,000 crore and Rs 50,000 crore, respectively.
Under the Smart Cities Mission, each selected city would get a Central assistance of Rs 100 crore per year for five years. Cities to be developed would be selected through a “competition” intended to ascertain their ability to achieve mission objectives.