All about NTR Housing Scheme

Date: 16-July,2022Last Updated: 23-September,2022
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Affordable housing is everyone's dream.

Our country has many unfortunates in both rural and urban locales which do not have a home of their own and cannot even afford one.

To address this, our government has brought a lot of schemes to aid the needy get affordable homes. The PMAY - Pradhan Mantri Awas Yojana is one of the major schemes introduced by the government to encounter homelessness in the country.

Each state has its Awas Yojanas or housing schemes that come under or associate with PMAY, according to set norms and regulations of their government. NTR Housing scheme is one such action plan.

Today let's explore NTR Housing Scheme.

What is NTR Housing Scheme?

Named after the former Chief Minister and Cinematic Iconoclast, the NTR Housing Scheme is one of the premium housing schemes in Andhra Pradesh.

NTR Housing Scheme

Launched in 2016 by Andhra Pradesh Government for developing 10 Lakh houses that cost around Rs 16000 crores. As mentioned earlier, the scheme was based on PMAY or Pradhan Mantri Awas Yojana, which revolves around the motif of "Housing for All."

Just as PMAY is divided into two, PMAY Grameen and Urban, the NTR Housing scheme is divided into two: the NTR Gramin Housing scheme and NTR Urban Beneficiary Led Construction (BLC) scheme.

NTR Housing Schemes aims at providing permanent residences and pucca houses in both urban and rural parts of the states. They also provide reconstruction facilities for existing houses as well.

The scheme has now delivered around four lakh pucca houses, and another six lakh houses are underway. The total expenditure of the initiative is Rs 16,000 crores.

The houses will be equipped with electrical appliances and energy efficient electrical fittings such as lights, fans, and street lights for the surroundings as well.

Eligibility Criteria: NTR Housing Scheme

The eligibility criteria for availing NTR Housing scheme are as follows.

1) The applicant must be a resident of Andhra Pradesh and must be over 18 years

2) The applicant must have a White Ration Card or BPL card

3) The applicant must not have a house or land to their name and must not be part of any other government housing scheme.

Sizes and Price Range of Houses under NTR Housing Schemes

The houses under the NTR scheme sizes upto 300 sq ft to 450 sq ft. The maximum price of the properties fit under Rs 7 to 8 Lakhs.

1) 300 sq ft house costs around Rs 5.62 Lakhs

2) 350 sq ft house costs around Rs 6.75 Lakhs

3) 430 sq ft - 450 sq ft house costs around Rs 7.71 Lakhs

The Subsidy Rates for NTR Housing Scheme Beneficiaries

The NTR Housing Scheme beneficiaries (rural) will be receiving a subsidy of Rs 1.5 Lakhs. The beneficiaries who belong to SC/ST categories would be eligible for another additional Rs 50,000 within the rural segment.

The NTR urban housing scheme provides the beneficiaries will get a subsidy of Rs 2.5 Lakhs.

So, guys, that is all about NTR Housing Scheme; we hope that you found the article interesting.

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