YS Jagan Mohan Reddy reviews housing scheme for poor

Vijayawada/Visakhapatnam: Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Wednesday reviewed the implementation of YSR Jagananna Colonies and YSR Jagananna Sampoorna Gruha Hakku scheme and directed the officials to create awareness on the benefits of the OTS (one-time settlement) scheme for house loans among people.

During the meeting held at the camp office at Tadepalli, he said that OTS scheme is totally voluntary and houses will be registered with clear title. He said the State Government will be waiving off Rs 10,000 crore of housing loans of poor and the registrations will be done free of cost.

The Chief Minister said the beneficiaries will get legal rights on the properties and directed the officials to create awareness on these benefits among them.

Reddy said a few vested interests have been trying to hinder the implementation of the OTS scheme. He said the previous government did not consider proposals to waive interest of housing loans and approximately 43,000 people have also paid interest along with the principal amount during the previous government and added that only B- form patta was given after complete payment in the past.

He said the State Government was giving complete legal rights of the property to the beneficiaries through OTS scheme and they have the right to mortgage or sell the property. He said the OTS scheme is a best opportunity for the poor and it's entirely their decision to use the scheme or not and directed the officials to distribute the registration documents from December 21. He said the government will also register the houses and give absolute rights to 43,000 people who paid the loan amount during the previous government and added that registration process will be continued at Village Secretariats in future.