Karnataka to launch new housing project "namma mane"

A sum of Rs 920 crore will be allocated for providing housing facility in rural and urban areas during 2010-11, Chief Minister B S Yeddyurappa said in his budget proposals.

During 2010-11, the government will build 50,000 houses for houseless families in urban areas under the Vajpayee Housing Scheme with each unit costing Rs 1.25 lakh, he said.

It has been decided to formulate a modified rural housing scheme by increasing the unit cost from Rs 40,000 to Rs 60,000 and the beneficiaries' contribution of Rs 10,000 will be facilitated by arranging concessional loans from banks, he said.

It is proposed to construct 1.50 lakh houses during this year under the modified scheme, Yeddyurappa said, adding a sum of Rs 75 crore will be allocated for providing free sites to landless families in rural areas.

He announced that those who have availed loans under Ashraya housing scheme will get interest waiver, provided instalments due as on March 31, 2010 are paid by this December end.

During 2008-09 and 2009-10, about 3.5 lakh houses have been constructed under Indira Awas, Ashrya and Ambedkar Yojana schemes in rural areas.