Lok Sabha Question No. 646 (UNSTARRED), answered on 2016-04-27
Subject: ISHUP
Ministry: HOUSING AND URBAN  POVERTY ALLEVIATION
Asked by: JANARDAN SINGH SIGRIWAL

## GOVERNMENT OF INDIA

## MINISTRY OF HOUSING AND URBAN POVERTY ALLEVIATION

## LOK SABHA

## UNSTARRED QUESTION NO. 646 TO BE ANSWERED ON APRIL 27, 2016

## ISHUP

No. 646 SHRI JANARDAN SINGH SIGRIWAL:

Will the Minister of HOUSING AND URBAN POVERTY ALLEVIATION

be pleased to state:

- (a) the  broad  features  of  the  Interest  Subsidy  for  Housing  the Urban Poor (ISHUP) scheme including the economic parameters for selection of the beneficiaries;
- (b) the  number  of  beneficiaries  and  the  funds  spent  since  its
- inception, State-wise;
- (c) whether the Government has received any proposals from the States  regarding  subsidy  for  providing  housing  to  the  poor slum dwellers in the urban areas during each of the last three years and the current year and if so, the details thereof and the action taken thereon, State-wise; and
- (d) the other measures being taken to provide relief to the urban poor against rising price of housing in urban areas?

ANSWER

THE MINISTER OF HOUSING AND URBAN POVERTY ALLEVIATION

[SHRI M. VENKAIAH NAIDU]

- (a) to (c): Government of India had introduced the Interest Subsidy Scheme for Housing and Urban Poor (ISHUP) Scheme on 26.12.2008. Under the Scheme, an interest subsidy of 5 % per annum for whole duration of the loan (15-20 years) was provided on loans up to Rs.1.00 lakh extended to

Economically Weaker Section (EWS)/Lower Income Group (LIG)  beneficiaries  by  the  Primary  Lending  Institutions (PLIs).  Maximum  loan  amount  was  Rs.1.00  lakh  for  EWS and  Rs.1.60  lakh  for  LIG.  The  scheme  was  implemented through PLIs viz. Banks and Housing Finance Companies. National Housing Bank  (NHB) and Housing & Urban Development  Corporation  Ltd.  (HUDCO)  were  designated as  the  Central  Nodal  Agencies  (CNA)  for  implementation the scheme.

The number of beneficiaries and funds released since its inception, State-wise, is Aannexed.

- (d):            Pradhan  Mantri  Awas  Yojana  -  Credit  Linked  Interest Subsidy:

Ministry  of  Housing  &  Poverty  Alleviation  (MoHUPA)  has launched the Pradhan Mantri Awas Yojana (Urban) mission w.e.f. 25.06.2015. Under the Credit Linked Subsidy Scheme (CLSS), component of PMAY (Urban) beneficiaries of  Economically  Weaker  Section  (EWS)  and  Low  Income Group  (LIG)  seeking  housing  loans  from  Banks,  Housing Finance Companies and other such identified institutions would  be  eligible  for  an  interest  subsidy  at  the  rate  of 6.5% for a maximum tenure of 15 years. The credit linked subsidy  will  be  available  only  for  loan  amounts  upto ₹ 6 lakh.  The carpet area of houses being constructed should be upto 30 square metres and 60 square meters for EWS and LIG, respectively, in order to avail of the credit linked subsidy.

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ANNEXURE

| Sl. No.   | Name of State   |   No. of Beneficiaries |   Amount of Subsidy in Rs. |
|-----------|-----------------|------------------------|----------------------------|
| 1         | Andhra Pradesh  |                   9213 |                   68188362 |
| 2         | Assam           |                      6 |                     178373 |
| 3         | Chattisgarh     |                    932 |                   10698238 |
| 4         | Rajasthan       |                    956 |                   32341349 |
| 5         | Karnataka       |                   3491 |                   42597331 |
| 6         | Kerala          |                   1873 |                   48035437 |
| 7         | Madhya Pradesh  |                     44 |                    1383514 |
| 8         | Maharashtra     |                    643 |                    6017117 |
| 9         | Tamil Nadu      |                   1269 |                   19896517 |
| 10        | Uttar Pradesh   |                      8 |                     146895 |
|           | TOTAL :         |                  18435 |                  229483133 |