Summary:
The Maharashtra cabinet on Tuesday sanctioned a mobilisation advance of Rs 120 crore for an ongoing affordable housing project in Solapur. The Ray Nagar Federation’s housing project is the only one of its kind in the state. This includes Rs 1.5 lakh per unit paid by the Centre, and Rs 1 lakh by the state. As per the Pradhan Mantri Awaas Yojana provisions, the project is eligible for a grant of Rs 2.5 lakh per unit. It is being undertaken by a cooperative housing federation, the Ray Nagar Federation..