Now Reading: Telangana house scheme pushes many beneficiaries into debt
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Telangana house scheme pushes many beneficiaries into debt
Several beneficiaries of Telangana's Indiramma Indlu housing scheme have spent far more than the ₹5 lakh subsidy, dipping into savings or taking loans as construction material and labour costs rise, The Hindu…
The Story in Brief
Several beneficiaries of Telangana's Indiramma Indlu housing scheme have spent far more than the ₹5 lakh subsidy, dipping into savings or taking loans as construction material and labour costs rise, The Hindu reports. One beneficiary from Sangareddy district spent an extra ₹5 lakh to complete his house over nine months due to rising prices and labour shortages.
Officials blame rising costs, house size extensions and costly finishes. Beneficiaries must spend ₹1 lakh on foundations before receiving the first instalment, a hurdle for the poorest. Phase II, targeting 2.5 lakh houses with hut dwellers prioritised, launched on June 1. The government suggests shear wall technology to cut costs, but it has not gained wide acceptance.
The Indian Opinion
The Indiramma Indlu scheme is generous on paper, but the ground reality shows the subsidy covers only part of the real cost. Pushing the poorest to find ₹1 lakh upfront, then borrow more to finish the house, risks trading one debt for another. The government's shear wall solution may help, but first it must verify whether beneficiaries can actually access it. The test is simple: how many Phase II hut dwellers complete homes without taking loans? Until that number is high, the scheme's promise remains incomplete.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
