Pradhan Mantri Awas Yojana will progress real estate, says Dhoot Group owner Pawan Kumar Dhoot
With housing loans of Rs 72.86 crore getting disbursed to 1,200 beneficiaries in 21 states, progress is on the cards for the real estate sector of the country, says Pawan Kumar Dhoot, Managing Director of Dhoot Group. The move happened under the aegis of Credit Linked Subsidy Scheme of Pradhan Mantri Awas Yojana and was informed by Rajya Sabha on Thursday (3 March).
Pawan said, “This is expected to boost the real estate growth in the country. Thanks to the prime minister as Housing for All will set a dawn of growth. Construction of houses for all, and more specifically poor, will also generate employment opportunities in the nation.”
In a written reply, Babul Supriyo, Minister of State for Housing and Urban Poverty Alleviation, said housing loans so far disbursed by banks benefited about 1,200 people with a total interest subsidy of about Rs 27 crore.
Under Credit Linked Subsidy Scheme, 6.50 per cent interest subsidy is given to urban beneficiaries belonging to the Economically Weaker Section and Low Income Group on a loan of up to Rs 6 lakh for tenure of 15 years for acquisition, construction and extension of house. Pawan sees this is an opportunity towards standardization and reduction in the gap between different economic sections of the society.
In Maharashtra, Rs 36.11 crore was disbursed under the scheme, followed by Gujarat Rs 9.48 crore, Tamil Nadu Rs 6.64 crore, Madhya Pradesh Rs 3.52 crore, Uttar Pradesh Rs 2.58 crore, Rajasthan Rs 2.30 crore, Delhi Rs 2.26 crore, West Bengal Rs 1.92 crore, Chhattisgarh Rs 1.51 crore and Andhra Pradesh Rs 1.45 crore.
Pradhan Mantri Awas Yojana was launched as Housing for All by 2022. It comes with an aim of constructing more than two crore houses across the length and breadth of the nation within a span of next seven years. The target beneficiaries of the scheme are poor and people living under EWS and LIG categories in urban establishments of the country.
Dhoot Group is a Kolkata based conglomerate and is amongst leading real estate groups with pan India presence. Under the guidance of Mr. Pawan Kumar Dhoot, the group has been actively working to promote Pradhan Mantri Awas Yojana.