CSR and Housing

CSR or Corporate Social Responsibility refers to business practices involving initiatives that benefit the society.

According to the Minister of Corporate Affairs, slum redevelopment will be treated as a CSR activity.

BJP’s election manifesto was to usher in a low-cost housing policy that would ensure every family in India a house by the year 2022 (75th year of Indian Independence).   Hence the Pradhan Mantri Awas Yojana was launched in the year 2014.

Ministry of Corporate Affairs has clarified that slum redevelopment or housing for the Economically Weaker Sections (EWS) could be covered under eligible CSR category of “measures taken for reducing inequalities faced by socially and economically backward groups”.

Even if slum redevelopment qualifies as CSR activity, experts caution that a gray area would crop up if a slum area is taken up for construction of villas and the slum dwellers are rehabilitated by the builders.  Hence, Housing For All (or HFA 2022) stipulates on the requirements of the scheme as in-situ slum redevelopment.

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Housing for All by 2022

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On June 9th, 2014 the Prime Minister of India, Mr. Narendra Modi revealed the ‘Pradhan Mantri Awas Yojana (PMAY)’.  The idea behind this scheme was to provide ‘Housing for All (urban) by 2022 (HFA 2022)’, 75th year of Indian Independence.  The beneficiaries of this scheme would be the poor living in the urban area.  The mission was launched on 25th June,2015.

The mission seeks to address the housing requirements of urban poor including slum dwellers through these programme verticals:

  • Slum rehabilitation of slum dwellers with participation of private developers using land as a resource
  • Promotion of affordable housing for weaker section through credit linked subsidy
  • Affordable housing in participation with public and private sectors
  • Subsidy for beneficiary-led individual house construction.

Government of Karnataka Cabinet approved implementation of HFA on 16th December 2015. Bangalore was one of the urban areas selected.

In the budget presented on February 1st, 2017,  Rs.6,042 crores was allocated for PMAY for urban areas.  Also, greater participation of private developers was suggested.

Government of Karnataka Cabinet approved implementation of HFA on 16th December 2015. Bangalore was one of the urban area selected.

Read the HFA Guidelines here

Written by  Shalini Vasudeva