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Subsidised housing scheme to be launched on August 15

Staff Reporter

Each house is estimated to cost Rs. 25,000: Karnataka Minister


  • The Government will invest Rs. 10,000 on each house and take a bank loan of Rs. 10, 000
  • As many as 1,000 houses and 1,000 sites will be allotted at each district headquarters

    BANGALORE: The Karnataka Government will launch a subsidised housing scheme on August 15 for those who come under the Below Poverty Line and do not have their own houses.

    Minister for Housing D.T. Jayakumar told presspersons here on Saturday that those interested should make an initial investment of Rs. 5,000 for registration under the scheme. The cost of each house under the scheme was estimated at Rs. 25,000. The Government would invest Rs. 10,000 on each house and take a bank loan of Rs. 10, 000 on behalf of each beneficiary at a marginal interest. The beneficiaries had to repay the loan in equal monthly instalments, Mr. Jayakumar said.

    Government's plan

    The Government was planning to allocate houses and sites at the district and taluk levels for those in the higher, middle and lower income groups who do not have houses.

    It had been planned to allot 1,000 houses and 1,000 sites at each district headquarters and 500 houses and 500 sites at each taluk headquarters, Mr. Jayakumar said.

    It was also being planned to construct 100 moderate community houses with all basic facilities at an estimated cost of Rs. 50,000 each in all the Assembly constituencies for those who did not have houses or plots of their own, the Minister said.

    As a pilot project, the Government would construct 100 houses this year on plots measuring 30ft X 40 ft each, he said.

    Referring to the Karnataka Housing Board's Suryanagar housing scheme, which was coming up on Hosur Road near Electronics City in Bangalore, Mr. Jayakumar said that over 1.5 lakh applications had been registered although the Board had not invited applications.

    Mr. Jayakumar said that there were some irregularities in the allotment of Ashraya houses in some village panchayats.

    The Government would file criminal cases against the illegal beneficiaries, and the village panchayat president and the secretary responsible for the "irregularities."

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