Affordable Rental Housing Complexes Scheme under Atmanirbhar Bharat Package

WHY IN THE NEWS?

Union Minister of Housing and Urban Affairs has informed that about 88,236 govt-funded vacant houses are available. They can be converted into Affordable Rental Housing Complexes under the Affordable Rental Housing Complexes Scheme.

About Affordable Rental Housing Complexes Scheme:

• Affordable Rental Housing Complexes (ARHCs) is a Sub-scheme under Pradhan Mantri Awas Yojana- Urban (PMAY-U) to provide affordable rental housing to urban migrants/ poor close to their workplace.

Objectives:

• To address the vision of ‘AtmaNirbhar Bharat Abhiyan’ significantly by creating a sustainable ecosystem of affordable rental housing solutions for urban migrants/poor.
• To achieve the overall objective of “Housing for All” encompassing the need for affordable rental housing for urban migrants/poor.
• Also, to create a conducive environment by incentivizing Public/Private Entities to leverage investment in rental housing.

Duration:

• ARHCs to be considered till PMAY (U) Mission period, i.e. March 2022.

Beneficiaries:

• Beneficiaries for ARHCs will be varied groups of urban migrants/ poor from EWS/ LIG categories including industrial & construction workers, migrants working with market/ trade associations, educational/ health institutions, hospitality sector, long-term tourists/ visitors, students, etc.

Implementation Strategy: The ARHCs will be built through a two-pronged strategy: –

• Strategy-1: Utilizing existing Government funded vacant houses to convert into ARHCs through Public-Private Partnership (PPP) or by Public Agencies.
• Strategy-2: Construction, Operation & Maintenance of ARHCs by Public/ Private Entities on their own available vacant land.