Odisha Government Approves 'Mo Ghara' Scheme to Provide Rural Housing Assistance
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| MO GHARA YOJANA -ODISHA GOVERNMENT SCHEME |
Introducing the 'Mo Ghara' Yojana for the Panchayati Raj & Drinking Water Department, the Odisha Government plans to offer financial assistance to fulfill the housing aspirations of lower and lower-middle-class households residing in rural areas. The scheme is specifically designed to include families that were previously excluded from existing housing schemes due to strict eligibility criteria or insufficient allocation. It also extends to those who received smaller amounts of housing assistance in the past and now wish to upgrade or expand their houses.
Key Features of the 'Mo Ghara' Scheme
Loan Amount and Repayment Terms: Beneficiaries under this scheme can avail housing loans up to Rs. 3 Lakh, repayable over a 10-year period, excluding a one-year moratorium period. The loan can be repaid in easy installments. Applicants can choose from four loan slabs: Rs. 1 Lakh, Rs. 1.5 Lakh, Rs. 2 Lakh, and Rs. 3 Lakh.
Expenses and Beneficiaries: The government is estimated to bear the expenses of approximately Rs. 2150 crore, benefiting around 4 lakh beneficiaries (1 Lakh from each loan slab) over a two-year period.
Eligibility Criteria for 'Mo Ghara' Scheme
To be eligible for the 'Mo Ghara' scheme, rural households must meet the following criteria:
1. Housing Conditions: Families residing in kutcha houses or possessing only one pucca room with an RCC roof.
2. Previous Assistance: Families that have not received any previous government housing assistance or have received assistance of less than Rs. 70,000 in the past.
3. Income Limit: Families with a monthly income below Rs. 25,000.
4. Motorized Vehicle Ownership: Families without a non-commercial motorized four-wheeler for personal use.
5. Employment Status: Families with no regular government/PSU employee or any member receiving a monthly pension from the government/PSU for their service period.
6. Land Ownership: Families owning less than 5 acres of irrigated land or less than 15 acres of non-irrigated land.
Additional Support and Waivers
The State Government aims to provide further assistance and waivers to ease the financial burden for beneficiaries. These include:
1. Capital Subsidy: Upon completion of the house, the State Government will release capital subsidies to the loan accounts of the beneficiaries. Enhanced subsidies will be available for vulnerable categories such as SC/ST and PWD-headed households.
2. Reduced Repayment: The capital subsidy will significantly reduce the equated monthly installments (EMI) for repayment, making it more affordable.
3. Processing Fee: Banks will not charge any processing fee from the beneficiary for sanctioning the loan.
4. Waived Fees: The State Government has waived the registration fees, stamp duties required during mortgage of title deed, and charges for obtaining certified copies of relevant documents from Sub-Registrar offices, as necessary for loan application processing under this scheme.
5. Legal Consultation: The State Government has set a maximum limit of Rs. 1000 for legal consultation fees, which will be reimbursed to the banks.
6. Additional Support: Beneficiaries may also be eligible for support under relevant schemes for rural sanitation, drinking water,
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