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Tata Capital > Blog > Everything You Need To Know About YSR Housing Scheme
India’s state and central governments introduce housing schemes from time to time to provide affordable houses to the economically weaker sections of society. The Andhra Pradesh State Housing Corporation Limited (APSHCL) initiates these house projects in association with the state government in rural and urban areas of Andhra Pradesh. This nodal agency also administers the completion of various state and centrally sponsored housing schemes under the Pradhan Mantri Awas Yojana (PMAY).
APSHCL gives real estate developers financial and technical aid to build quality houses for economically disadvantaged citizens. It also supplies quality housing construction materials (steel, cement, etc.) and other provisions (water and electricity) at discounted market rates to lower the construction costs of houses for the developers. The primary aim is to provide decent pucca homes with basic amenities to citizens below the poverty line in Andhra Pradesh.
It is a flagship housing project initiated by the APSHCL in July 2019 for low-income groups. It is one of the most extensive centrally sponsored housing programs launched by the YS Jagan Mohan Reddy government as part of the election manifesto. YSR Illa Pattalu Scheme and YSR Pedalandariki Illu Housing Scheme are the projects covered under YSR Housing Scheme.
The successful completion of the YSR Housing Scheme will give the state four new districts with new residential colonies housing nearly 1.2 crore citizens from 31 lakh financially disadvantaged families. It will create job opportunities for crafts persons under 30 categories, such as painters, plumbers, electricians, masons, and carpenters. The AP housing beneficiaries will be the eligible 1% of citizens in urban areas and 1.5% in rural areas.
In addition to quality construction, the Chief Minister has promised future residents high-standard infrastructure facilities for the best possible living conditions. He is keeping close track of the implementation and progress of the YSR project. The applicants can view the beneficiary status through the AP housing beneficiary search option available on the APSHCL official website.
Thus, YSR housing projects will increase the per capita income of Andhra Pradesh by generating employment and raising the standard of living of underprivileged citizens.
The beneficiaries will be the residents of Andhra Pradesh under LIG/MIG/EWS categories. Property or title deeds will be in the name of women to give them the maximum benefit of the scheme.
The applicant must be a permanent state (Andhra Pradesh) resident and not be the owner of any piece of land or house.
Step 1 – Register or log in to the official website of APSHCL
Step 2 – Read the guidelines carefully, and fill in the application form with the required details
Step 3 – Upload the supporting documents
Step 4 – Submit the form
Applicants must take a print of the filled application form, as they will need it for documentation and future reference.
APSHCL releases the YSR housing list of selected applicants and publishes it on its website.
To search for the name of the beneficiary of the YSR housing scheme –
To view the name and application status on the sanction list –
The AP state government, in collaboration with the Centre government, has launched two housing schemes –
This housing scheme primarily focuses on the poor, low and middle-income groups. The objective is to provide concrete houses to the urban population of Andhra Pradesh.
Funds Allocation –
By Centre Government – Rs. 5,000 crores
By State Government – Rs. 1,000 crores
The AP government allots free construction land to the below-average income citizens under the PMAY housing scheme. Beneficiaries may ask for monetary compensation of Rs 1.8 lakhs to reconstruct their units per their requirements. The objective of this scheme is to progress the rural population of the state.
It is a smart-town scheme initiated by the Government of Andhra Pradesh for the low and middle-income class citizens (having an annual income between 3 lakhs to 18 lakh). The target is to provide 150 square yards to 240 square yards of plots within a 5 km range of the Municipal Corporation. Government employees are also eligible to apply under this scheme.
Plot Eligibility for Jagananna House Scheme
3 lakh < Annual Income < 6 lakh – 150 square yard
6 lakh < Annual Income < 12 lakh – 200 square yard
12 lakh < Annual Income < 18 lakh – 240 square yard
It is the largest colony in the Jagananna house scheme, spread over 397 acres and constituting 12,301 plots. The government will rename this colony the Nagar Panchayat after the construction work is over.
YSR Jagan Housing Scheme is a housing project instigated by the Honourable Chief Minister of Andhra Pradesh, Shri YSR Jagan Mohan Reddy. The vision is to fulfil the dreams of the landless and homeless citizens of the state of owning a house.
A financial services company within the Tata Group, Tata Capital provides financial and investment services to help people achieve their goals. Home loans are one of the offerings that provide easy and quick loans at attractive interest rates to purchase a new house.
If you are planning to buy or invest in a house under YSR Housing Scheme and are short of funds, you can avail loans for homes from Tata Capital. We will help you fulfil your dream of owning a house and living rent-free all your life!
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