Revised schemes of RAY, ISHUP (revamped as RRY) and AHP being figured out
Mr. Ajay Maken, Union Minister of Housing & Urban Poverty Alleviation (HUPA) held the following updates on RAY and RRY Schemes in Rajya Sabha:
‘Rajiv Awas Yojana (RAY)’ scheme: The on-going housing scheme of Govt of India in the urban slum area was carried out under original phase during the XI – Five Year Plan period. With the understanding benefitted during the original phase, refreshed scheme of RAY is being figured out for execution during XII – Five Year Plan period.
Interest Subsidy Scheme for Housing the Urban Poor (ISHUP) scheme: Under original phase during XI Five Year Plan period is being refreshed for launch as Rajiv Rinn Yojana (RRY) with raised credit limits and targets. Apart from reservation of 20-25% of developed land for Economically Weaker Section (EWS) / Low Income Group (LIG) housing in every new public / private residential development projects, Ministry of HUPA via its two schemes namely Affordable Housing in Partnership (AHP) and Rajiv Rinn Yojana (RRY) ideates promoting private builders to build houses for urban poor.