RAY Rajiv Awas Yojana Scheme 2024

Posted on: Aug 9, 2024 | 3 mins | Written by: HDFC ERGO Team

RAY Rajiv Awas Yojana Scheme 2024

Rajiv Awas Yojana (RAY), which is a housing project launched by the central government, proposed to offer houses to eligible beneficiaries where the size of the house will be only 30 sqm. It is a win-win scheme in which some of its advantages include subsidising, financial support, and an affordable housing unit.

Now, let us find out how effective it is to help the urban poor and also whether or not it has met its objectives.

What is Rajiv Awas Yojana (RAY)?

Rajiv Awas Yojana (RAY) is considered one of the most prominent housing schemes carried out by the Indian Government since the year 2011. It seeks to develop and deliver low-cost shelter to the impoverished populace residing in the shantytowns of the developing nation’s cities. The scheme covers the sphere of slum rehabilitation as well as providing land as well as infrastructure for housing It also promotes housing schemes for low cost or affordable housing.

Features of Rajiv Awas Yojana

Rajiv Awas Yojana is a housing scheme with the following features and benefits:

1. The scheme operates with two implementation strategies: formulating the strategy to erase slum areas in the city and working on detailed strategies for individual slums.

2. This scheme is implemented by giving financial support to states, union territories, urban local bodies (ULBs), and central mandated bodies.

3. It also provides financial assistance in the Affordable Housing in Partnership under Rajiv Awas Yojana meant for the generation of affordable housing stock by public-private partnership.

4. Affordable housing in partnership is a scheme which the central government aids economically weaker sections or low income groups with Rs. 75,00,000 per dwelling unit of size 21 to 40 sq mtr.

Eligibility criteria for Rajiv Awas Yojana

The Rajiv Awas Yojana scheme in the Ministry of Housing and Urban Affairs to construct affordable houses for the EWS and LIG users within the urban regions. To qualify for this scheme, applicants must meet the following eligibility criteria:

Category A

The cut-off for this category is positively based on the people living in the urban area having a population of 5 lakh or more per Dwelling Unit (DU). The maximum amount of grant admissible for this category is defined as Rupees Five Lakh. This category comprises a large segment of the Indian population that lives in urban areas and includes many of the largest metropolitan areas of the country. Due to the high cost of living and house prices, this ceiling of funding would be a veritable asset to those who wish to acquire quality and affordable homes in such regions.

Category B

This category aims at those people in urban areas which have a population of less than 5,00,000 per DU but above 2,00,000. For this category, the funding limit is limited to Rupees Four Lakh. This being a small urban scheme it has a lower funding limit than Category A but it understands the differences in the cost of living and property prices in small towns. This support can go a long way in helping in the achievement of the goal of Housing to help those living in these areas.

Category C

The final category includes the persons wconho are residing in Urban areas of the special category states which include Jammu & Kashmir, Himachal Pradesh, Uttrakhand & also North-Eastern states. There is a fixed fund to finance each Dwelling Unit (DU) under this category, which is Rupees Five Lakh irrespective of the population of the city. Thus the provisions of the Act aim at recognising the plight of such regions and to ensure that proper resources are invested in enhancing the housing provision for people in such areas.

Benefits of the Rajiv Awas Yojana Scheme

The Rajiv Awas Yojana (RAY) scheme, another government initiative of India in 2011, focuses on offering housing solutions for the low income groups.

Here are some of its key benefits:

1. Allowing the needy people to pay a small amount to enable them to get secure homes for their families.

2. Specialised grants from RAY are given to state and union territories, and ULBs so as to incite affordable housing schemes under Rajiv Awas Yojana.

3. Funds to help agencies to provide appropriate and efficient housing facilities for economically weaker section (EWS) and low income group (LIG) populations.

4. AHP stands for affordable housing in partnership The AHP aspect of RAY entitles the central government to give a cash incentive of Rs. 75,000 for every EWS/LIG family for developing residential structures for houses with a floor space of 21 - 40 sq. meters. The support provided assists the families to be able to get affordable and decent shelter.

5. Skill Development and Employment: This reveals that RAY appreciates skills development and employment in transforming urban communities. The elements contain the provision of training programs and qualification employment to increase the opportunities for the slum dwellers and the people in other vulnerable positions. Thus, in realization of its goals and objectives, RAY has planned to open job vacancies, which in turn, will enhance the quality of life while eradicating poverty in the urban areas.

6. Sustainable Urban Living: Apart from providing houses for low-income families, RAY also advocates for proper usage and management of limited resources in urban areas. There is also promotion of green building practices, efficient energy usage, and waste management entailing the scheme’s housing complexes. Performing sustainability in the design and execution of infrastructures as a society, RAY also aids in promoting assets with superior health and sustainability within the urban structure.

How to Apply for RAY?

1. Go to the homepage of the website and select Apply Now.

2. You will be asked to complete a questionnaire where you will have to input your personal data as well as your family’s income.

3. Scan and upload the necessary documents including income certificate, address proof, identity proof and others.

4. After your application has been submitted successfully, you will be assigned an application number.

5. The status of your application will be communicated to you through an email or an SMS.

Contact Details for Rajiv Awas Yojana Scheme

1. Visit the MoHUA Website: Locate the official homepage of the Ministry of Housing and Urban Affairs (MoHUA) at https://mohua.gov.in

2. Find the Contact Information: Go to the “About Us” tab or choose the “Contacts” menu.

3. Directly Contact the Relevant Official: It provides lists of email addresses, contact numbers, and official posts of the officials. Just find out who is the person you have had your complaint or issue with and try to contact them.

Frequently Asked Questions On Rajiv Awas Yojana

1. What is the role of property insurance in Rajiv Awas Yojana?

Property insurance is one of the major aspects of Rajiv Awas Yojana because it enables homeowners to have a protective cover against loss or damages on their property. Through the scheme, the government might offer subsidies to housing in order to offset the cost of acquiring property insurance which would otherwise make low income earners bow out due to the high costs of homeownership.

2. What is in it for Rajiv Awas Yojana?

• Subsidised housing

Recipients are able to obtain monetary support to acquire or build homes at lower market rates.

• Home insurance

Another element of the scheme is the provision of an insurance policy for home to cater for various risks concerning the property.

• Property insurance

As for property insurance, RAY offers protection against such risks as damages or losses occurring as a result of natural disasters or accidents.

Conclusion

Rajiv Awas Yojana is a commendable program that seeks to assist low income families in constructing their houses in an attempt to stabilise the families economically. When the RAY’s financial aid is matched with the insurance, which further includes adequate insurance, then people can build a promising, safe, and comfortable future in their homes.

Disclaimer

The above information is for illustrative purposes only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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