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Minister inaugurates VAMBAY houses

HYDERABAD, JAN. 19. The Minister for Mines and Geology, P. Sabita Indra Reddy, inaugurated 228 individual homes constructed under the Valmiki Ambedkar Awas Yojana (VAMBAY) at Laxmiguda in Rajendranagar municipality of the neighbouring Rangareddy district on Wednesday.

The houses, constructed at a cost of Rs.1.37 crores, are part of the 7,000 houses sanctioned in the district. Each unit costs Rs. 60,000, of which 50 per cent is subsidy component from the Centre. The beneficiaries have to pay an EMI of Rs. 260 with the repayment of the loan spread over 15 years, Ms. Reddy said.

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