A Comprehensive Guide on YSR Housing Scheme & All You Need to Know

The YSR Housing Scheme is also known as the YSR Pedalandariki Illu (Houses for All) Programme. It is a state-sponsored affordable housing scheme launched in Andhra Pradesh. It is targeted towards the economically weaker sections of society. It also focuses on supporting homeless people and those living in inadequate housing conditions. This scheme was launched in 2019 by the Andhra Pradesh State Housing Corporation Limited (APSHCL).

Why Was The Scheme Introduced?

The primary goal of the YSR Housing Scheme is to serve low-income families and economically disadvantaged citizens in Andhra Pradesh. To ensure they have access to safe and secure housing facilities by providing them with pucca (permanent) houses. With this, the living conditions of the beneficiaries will also improve.

This scheme promises high-standard infrastructure facilities. The project focuses on incidental development, too, such as electricity, drinking water supply, underground drainage, etc. The houses under this scheme are designed with modern architecture. The size of each house will be 340 square feet. Each unit will have a spacious bedroom, hall, kitchen, bathroom, and balcony.

Funding

This project is entirely government-funded. The Andhra Pradesh government has earmarked around Rs 500 billion for this project. This amount will be utilised towards constructing the new houses and incidental infrastructure. This scheme aims to construct 30 lakh new houses to tackle the problem of homelessness.

A portion of the land for the projects will be allocated to building multi-facility centres. These will include warehouses and cold storage (Rythu Bharosa Kendras) for farmers and local markets (Janata Bazaars) for people.

Eligibility Criteria Of The Beneficiaries

The beneficiaries of this scheme include:

Families that do not own a house,
Families living in temporary, thatched, or deteriorated houses,
Families belonging to Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC),
Families with no adult member between 16 and 59 years,
Families with disabled members,
Widows and single women,
Landless labourers, agricultural workers,
and those with very low income.

This scheme is available only for the permanent residents of Andhra Pradesh. Additionally, they must not own any house or land.

Application

Interested persons who satisfy the eligibility may apply for the scheme online or offline. To apply offline, they must visit the nearest village or ward secretariat office. And they can apply online themselves on the official website of APSHCL or with the assistance of the YSR Housing Scheme staff. They would require the following home loan required documents

Below Poverty Line ration card,
Address Proof,
Aadhaar Card,
Recent passport-size photographs,
Bank account passbook or photocopy of bank statement with complete bank details,
Certificates to authenticate caste, domicile and income, and
Mobile Number.

The applications will then be scrutinised and verified by local authorities to ensure the eligibility of the applicants. Thereafter, the names of the selected beneficiaries would be published on the APSHCL website.

Read: Calculating Your Way to Homeownership By Utilizing House Loan Calculator

Dual Approach of YSR Scheme

The beneficiaries may choose between the YSR Urban Housing Scheme and the YSR Rural Housing Scheme according to their needs.

YSR Urban Housing Scheme

This is for eligible urban residents who want to purchase houses in the urban areas of Andhra Pradesh. They can buy newly constructed pucca houses. For this YSR Urban Housing Scheme, the Central Government has allocated Rs 50 billion. This, in addition to the Rs 10 billion allocated by the AP government, will uplift the living standards of the urban population.

YSR Rural Housing Scheme

The YSR Rural Housing Scheme allows rural residents to build their houses according to their needs. Under this scheme, free construction land is allocated to the beneficiaries. Furthermore, they are also given Rs 1.8 lakh to construct the house. Giving them land and funds allows the beneficiaries to independently build suitable houses in the rural areas of Andhra Pradesh.

Conclusion

The YSR scheme promotes social inclusion and empowers marginalised communities through housing support. The scheme’s progress and updates are periodically shared through official government channels, including press releases and the official website. To further help the beneficiaries, several lenders are willing to provide home loans to purchase homes under this scheme.