AN EVALUATION OF INDIRAMMA HOUSING SCHEMES FOR LIG, MIG, AND WEAKER SECTIONS IN TELANGANA AND AP

Abstract

Owning a House is one of the essential needs of mankind, along with food, clothing and education.  The Housing Finance Companies (HFCs) as they are called today have stepped up their lending over the years contributing to the growth of the Housing Sector. The speedy development in housing and various housing activities has led to the growth of the Indian Housing Finance market. In this context, the present study is undertaken to analyze the phases of the Indian Housing Finance; present the schemes offered by the various categories of Housing Finance Institutions and to make a Region-wise and District-wise analysis of the Housing Finance provided by the various categories of the Institutions of Andhra Pradesh. 

The Study is based on Secondary Data. The analysis of the schemes offered by the various

State Government institutions financing housing in Andhra Pradesh is made Scheme-wise, District-wise and Region-wise. The data are analyzed with the help of percentages and ranks. HUDCO sanctions various schemes for housing and infrastructure activities in the States.  A major portion of the total project cost is sanctioned as loan by HUDCO depending upon the progress of work.  Housing Finance Companies are providing assistance for Housing Finance along with the other financial services like, Leasing and Credit, Financial Consultancy, Auto Finance, Car Finance, Personal Loans, Mortgage Loans and Insurance.  

Telangana State Government is offering various schemes for Lower Income Group, Middle Income Group and Weaker Section of the society through various State Government Housing Corporations