Single regulation for home loans


KEY DECISIONS OF THE AP CABINET MEETING: The Andhra Pradesh state cabinet, headed by Chief Minister YS Jagan Mohan Reddy, on Thursday made several key decisions, including approving the One Time Settlement Scheme, the “YSR AASARA” program and granting ‘an additional loan of Rs 35,000 to SHG Women for housing.

Informing the media after the cabinet meeting, Information and Public Relations Minister Perni Venkatramaiah said the Cabinet approved the One Time Settlement (OTS) program for lenders from Andhra Pradesh Housing Corporation Limited, who contracted loans from 1983 to August 15, 2011. The fixed amount for a time of establishment in rural areas is Rs 10,000, its Rs 15,000 in the municipalities and Rs 20,000 in companies. Lenders can benefit from the OTS program by paying the prescribed amount until December 15, and officials from the Revenue Ministry will register the land with OTS program beneficiaries on December 21, 2021, he said.

If someone who took a loan from AP Housing Corporation and built the house and sold it due to personal emergencies, the buyer can register the land as well, as long as they are also poor. and does not own a house and added this amount for OTS in such cases to Rs 20,000 in rural areas, Rs 30,000 in urban areas and Rs 40,000 in businesses. He said if someone who took the government land and built the house on their own, the government will register their homes for free. The minister said the Cabinet had approved an additional loan of Rs 35,000 to beneficiaries of the housing program who are also part of self-help groups at an interest rate of 3%.

The Cabinet also approved the release of the second tranche of the YSR Asara program and added that financial assistance of Rs 6,470.76 crore will be given to women in 8,000 42 self-help groups. He said that eligible recipients who were not received in the first installment of the YSR Aasara program will receive financial assistance in two installments during the second term.

He said the State Cabinet also approved to take further steps with Solar Energy Corporation of India to implement a 10,000 MW solar power project to provide free electricity for 9 hours per day to farmers on a sustainable basis for the next 30 years, at a rate of Rs 2.49. per unit.

The minister said the cabinet approved the implementation of a minorities sub-plan tied with SC, ST and BC for the welfare of minorities across the state.

He said the Cabinet also approved the proposal of Microsoft Corporation (India) Pvt. Ltd. for qualified state students to leverage Microsoft’s technology and education expertise to train 1,622,000 unemployed students and youth at more than 300 colleges and skills development centers as part of 40 certification courses.

He said the cabinet had approved naming schools and hospitals after donors and added that the donation amount should be Rs 50 lakh for satellite foundation schools, Rs 1 Crore for primary schools and Rs 3 Crore for secondary schools and Rs 1 Crore for the primary health center. , Rs 5 crore for the community health center and Rs 10 crore for the hospitals in the area to give them their name. He said the cabinet also approved the amendment to the Drugs and Cosmetics Act of 1940.

The minister said the state cabinet approved the transfer of 15-acre public land in Ajjivalasa village in the Araku Valley Mandal of Vishakapatnam District to the Welfare Department. tribal for the construction of the Ekalavya model boarding school and added that the cabinet also approved the allocation of 53.45 acres of land. in the village of Masapeta, Rayachoti mandal at Yogi Vemana University for a PG center.

He said the cabinet also approved the allocation of 4.59 acres in Putlampalli village from Kadapa Mandal to the LV Prasad Eye Institute and 2 acres in Adavitakkellapadu from Guntur West Mandal to a renowned badminton player for creating a badminton academy. He said the cabinet approved the allocation of 223 acres in Edavalli village of Chilakaluripeta Mandal to AP Mineral Development Corporation Limited and 0.31 acres in the urban town of Rajamahendravam to the Minority Welfare Ministry for the construction of a community hall and an educational institution. He said the cabinet had approved the AP Forster Care 2021 guidelines.

The minister said the cabinet approved the widening of the Punganuru branch canal from 79,600 km to 220,350 km as part of the works of phase 2 of the Rayalseema drought mitigation project, at a cost of 1 929 crore rupees in relaxation of FRBM standards.

He said the Cabinet also approved the establishment of a new law and order police station at Kasinayana Mandal in YSR Kadapa district and also the establishment of a new agricultural polytechnic college in Thogaram village. ‘Amadalavalasa Mandal in Srikakulam district.

He said the cabinet approved the establishment of the AP State Organic Certification Authority and approved financial assistance of Rs 1.50 crore. He said the cabinet also approved the creation of Badvel as a new revenue division with ten terms.

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