FOCUS ON HOUSING SCHEME.
The scheme being implemented by the union ministry of housing and poverty alleviation aims at coming up with slum- free urban centres with subsidised housing for poor and marginalised communities. The scheme, which is to be implemented in phases, has a first phase budget of around ` 5,000 crore and hopes to reach to around 10 crore people, who will be in urban slums for next four years. The projects under the scheme are funded in a 50: 50 ratio between the Centre and the states. The 50 per cent cost at the state's end is shared among states, civic bodies and individual beneficiaries.
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