OTS scheme for those who availed loan from APSHC


Chief Minister YS Jagan Mohan Reddy chaired the Cabinet meeting on 16 September 2021.

Chief Minister YS Jagan Mohan Reddy chaired the Cabinet meeting on 16 September 2021.

In a move that provides major relief to those who availed AP State Housing Corporation (APSHC) loans between 1983 and 2011, the State government has decided to bring in an interim settlement scheme (OTS).

The OTS amount in rural area is ₹10,000, ₹15,000 in municipalities and ₹20,000 in corporations.

Borrowers can avail the scheme by paying the prescribed amount by December 15. The revenue officials will register the plot for the beneficiaries on December 21, 2021.

The decision for the OTS scheme was taken at a Cabinet meeting chaired by Chief Minister YS Jagan Mohan Reddy on Thursday.

Briefing the media after the Cabinet meeting, I&PR Minister Perni Venkatramaiah said that the OTS scheme was also open to those who had bought a house from the original beneficiary.

“If someone has built a house and sold it due to personal emergencies, the buyer can also register the land in his name if he is poor and has no house,” the minister said. .

However, the OTS amount in such cases would be ₹20,000 in rural areas, ₹30,000 in municipalities and ₹40,000 in corporations.

For beneficiaries who took land from the government and built a house on their own, the government would register their houses for free.

The cabinet also approved an additional loan of ₹ 35,000 for housing scheme beneficiaries who were part of the self-help group at 3% interest.

The cabinet also approved the release of the second part under the YSR Aasara programme. Financial assistance of ₹6,470.76 crore would be provided to 8 lakh self-help group women.

He said the beneficiaries who missed the first tranche would receive financial assistance in two installments in the second tranche.

The Minister said that the Cabinet also decided to take further steps with the Solar Energy Corporation of India to set up a 10,000 MW solar power project to provide 9 hours a day of free power to farmers in a sustainable manner for the next 30 years. £2.49 per unit.

Sub-plan for minorities

The Cabinet also decided to introduce a sub-plan for the benefit of minorities on par with SCs, STs and BCs.

Mr. Venkatramaiah said that the Cabinet also approved the proposal of Microsoft Corporation (India) Pvt. Ltd. To train state students.

He said the cabinet had approved the nomination of schools and hospitals as donors, adding that the donation amount should be ₹50 lakh for foundation satellite schools, ₹1 crore for primary schools, ₹3 crore for high schools, ₹1 crore for primary health. at the centre, ₹ 5 crore for the community health centre, and ₹ 10 crore for the nearby hospital.

According to him, the Council also approved the amendment of the Drugs and Cosmetics Act of 1940.

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