DIRECTORATE OF MUNICIPAL ADMINISTRATION

STATE LEVEL NODAL AGENCY

RAJIV RIN YOJANA

Video Conference 21.06.2014

10.00 am -12.30 noon

Rajiv Rin Yojona

Objectives:

• Addressing housing needs for the EWS/LIG segments in urban areas.

• Expanding credit flow to the housing section • Increasing home ownership

Target:

• Annual Target for FY 2014-15 for State :14600• The same is distributed among ULBs

Aim

• The provision of 5% interest subsidy on loan amount to EWS /LIG to

• Buy ready built house (may identify purchasable house in apartment developed by Govt/private developer)

• Construct new houses• Construct additional room to existing building

Rajiv Rin Yojona

Coverage:

• Applicable to all ULBs• Beneficiary

• without own home in his/his spouse name• with site and without pacca home.• having home of 40 sqmt who intend to expand.• identified under other housing schemes.• Preference for SC/ST/Minority/Women/Physical

Handicapped.• Group Housing Societies (who intend to construct group houses)

Eligibility

Annual Income • EWS- 1 lakh• LIG- 1 lakh -2 lakh

Rajiv Rin Yojona

Loan Amount:

EWS• Loan amount- 5 lakh• Additional loan unsubsidized • Size of house at least 21 sqmt.• Construction of Toilet is mandatory• Loan Tenure 15-20 years

LIG• Loan amount- 8 lakh• Subsidy only for 5 lakh loan amount, additional loan

amount between 5-8 lakh unsubsidized. • Size of house at least 28 sqmt.• Construction of Toilet is mandatory • Loan Tenure 15-20 years

Rajiv Rin Yojona

• Income Certificate by “Tahsildar”

• Documents as required by concerned bank.

• Mortage of house as primary security. No collateral

security/third party guarantee

• No prepayment charges

• Beneficiary may approach directly to Bank or though ULB or

through NGO

Submission of documents

• Rs. 100/- per sanctioned application paid to designated staff of ULB/ NGO.

• Rs. 500/- per sanctioned application paid to bank.

Incentives

Rajiv Rin Yojona

• Sign MoA with HUDCO/NHB (Central Nodal Agencies)

• Identify beneficiaries/ Group Housing Societies

• Sanction loan after due diligence

• Rate of Interest as per RBI Guidelines. (Fixed or Floated

interest )

• Claim reimbursement of subsidy from CNA (CNA in turn

submit request to GoI, GoI will release subsidy amount)

• Send Utilization Certificate to CNA

• Random quality checks

Role & Responsibility of Banks

Rajiv Rin Yojona

Role & Responsibility of State:

• Designate “Income Certifying Officer”.

• However, Tahsildar has been nominated as “Income Certifying Officer”

• Prepare media plan

• Implement media plan

• Random quality checks

Rajiv Rin Yojona

• Appoint NGO to identify/motivate beneficiaries and liaise with bank

(appointment of NGO not mandatory)

• Create help desk (Rs. 100/- per sanctioned application is paid as

incentive).

• IEC campaign

• Identify beneficiaries/ Group Housing Societies

• Assist beneficiaries to understand scheme details/ fill form/ to

obtain requisite certificates

• Forward application to bank

• Monitor data

• Interact with SLBC/DLBC/LBM

• Review progress and remove bottlenecks

The scheme is also review by CLMC

CLTC acts as facilitator.

Role & Responsibility of ULB

Thank you