Department of Economic Affairs,
Ministry of Finance
Affordable Rental Housing Complexes (ARHC) for Migrant Workers / Urban Poor
Migrant labour/urban poor face challenges in getting houses at affordable rent.
Government will launch a scheme under PMAY for migrant labour/urban poor to provide ease of living at affordable rent by,
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i. Converting government funded housing in the cities into Affordable Rental Housing Complexes (ARHC) under PPP mode through concessionaire;
ii. Incentivizing manufacturing units, industries, institutions, associations to develop Affordable Rental Housing Complexes (ARHC) on their private land and operate; and
iii. Incentivizing State Government Agencies / Central Government Organizations on the similar lines to develop Affordable Rental Housing Complexes (ARHC) and operate.
Ministry will issue detailed guidelines.
Rs 70,000 crore boost to housing sector and middle income group through extension of CLSS
• Credit Linked Subsidy Scheme for Middle Income Group (Annual Income: Rs 6–18 lakhs) was operationalized from May 2017.
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• CLSS was extended up to 31st March 2020
• Scheme has benefitted 3.3 lakh middle class families so far.
• Government will extend the CLSS Scheme up to March 2021.
• 2.5 lakhs middle income families will benefit during 2020-21
• Will lead to Investment of over Rs. 70,000 Crores in housing
• Will create jobs
• Will stimulate demand for steel, cement, transport and other construction materials.
Source : PIB
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