Housing & Urban Schemes — Set 9

Correct Answer: C. 35%

The correct answer is 35%. Under the Affordable Housing in Partnership (AHP) vertical of PMAY-U, at least 35% of the total houses in any project must be for EWS category to qualify for central assistance. The remaining houses can be for LIG, MIG, or higher income groups. This ensures that affordable housing projects genuinely serve the intended beneficiaries while allowing cross-subsidization from market-rate housing.

Correct Answer: B. 3rd tranche

The correct answer is 3rd tranche. PM SVAnidhi provides loans in three tranches: Rs 10,000 in the first tranche, Rs 20,000 in the second tranche, and Rs 50,000 in the third tranche. Each tranche is available only upon timely repayment of the previous loan. This graduated credit enhancement helps street vendors build their credit history and expand their business.

Correct Answer: B. Converting vacant government-funded houses into rental units

The correct answer is Converting vacant government-funded houses into rental units. Model-1 of ARHC involves converting existing government-funded vacant houses into Affordable Rental Housing Complexes. Government or public agencies offer these houses to concessionaires for 25 years to operate as rental housing. The concessionaire repairs and maintains the houses and rents them to urban migrants and poor at affordable rates.

Correct Answer: B. 2017

The correct answer is 2017. HRIDAY scheme had a project duration of 27 months from its launch in January 2015, making it end in March 2017. The scheme was not renewed after its completion. However, the Ministry of Housing and Urban Affairs continues to address heritage conservation needs through other mechanisms. The scheme spent close to Rs 478 crore on heritage development in 12 cities.

Correct Answer: C. Varies based on population size

The correct answer is Varies based on population size. Under AMRUT, cost sharing varies based on city population. For cities with population above 10 lakh, the central share is one-third of project cost; for cities below 10 lakh, it is 50% (and up to two-thirds for special category states). For UTs, the central share can be up to 90%. This graduated approach ensures larger cities contribute more from their own resources.

Correct Answer: B. SBI MCLR rate of interest for delayed period

The correct answer is SBI MCLR rate of interest for delayed period. Under RERA Act, if a promoter fails to complete or deliver possession as per the registered agreement, the promoter is liable to pay interest at SBI's Marginal Cost of Funds based Lending Rate (MCLR) plus 2% to the homebuyer for the period of delay. Alternatively, if the buyer opts to withdraw, they are entitled to full refund with interest.

Correct Answer: C. From SECC data approved by Gram Sabha

The correct answer is From SECC data approved by Gram Sabha. The beneficiary list for PMAY-G is prepared from SECC 2011 data, specifically from the automatically included households (houseless, and those with zero, one, or two rooms with kutcha walls/roofs). The priority list is then placed before the Gram Sabha for approval. This process ensures community participation and transparency in beneficiary selection.

Correct Answer: B. Rs 100 crore per year for 5 years

The correct answer is Rs 100 crore per year for 5 years. Under Smart Cities Mission, each selected city receives central government assistance of Rs 100 crore per year for 5 years, totaling Rs 500 crore per city. The state government and ULB provide matching grants of Rs 500 crore each, bringing total government investment to Rs 1,000 crore per city. Additional funds come from convergence with other schemes and private investment.

Correct Answer: B. Ownership of houses must be in name of woman or jointly with woman

The correct answer is Ownership of houses must be in name of woman or jointly with woman. PMAY-U has a special provision that house ownership must be in the name of the female head of the household or jointly in the name of the male head and his wife. This empowerment provision ensures women have legal ownership of assets. If there is no adult female member in the household, it can be registered in the name of the male head.

Correct Answer: B. Self-help groups, skill training, and market linkages

The correct answer is Self-help groups, skill training, and market linkages. DAY-NULM's urban poverty reduction strategy involves three main approaches: social mobilization through Self-Help Groups (SHGs), skill training and placement for self-employment and wage employment, and market linkages for vendors and small enterprises. The mission also includes a self-employment program providing subsidized loans for starting micro-enterprises.