The Cabinet of Ministers has approved the proposal to increase the financial aid given for a housing unit, under the housing program “A house for you – a tomorrow for the country”, to Rs. 01 million.
According to the government, the housing program is being implemented to reduce the housing issue of low-income people and the poverty associated therewith.
Under this program, one low-income family from every Grama Niladhari division is selected on a priority basis and offered aid for constructing/upgrading a house based on the progress of the construction.
The selected beneficiary should construct a house with a minimum of 550 square feet, and in addition to the amount of Rs. 650,000 given by the government, the remaining amount has to be borne by the concerned beneficiary.
Even though at the onset of the program, Rs. 1,147,000/- was the estimated cost per house, the respective cost has increased up to Rs. 1,764,000/- at present.
As such, the Cabinet of Ministers has approved the proposal presented by the Minister of Urban Development, Construction, and Housing to increase the portion of the amount given by the government from Rs. 650,000 to Rs. 01 million.
It has been proposed to increase the financial aid as the beneficiary selected has been unable to bear the remaining amount due to their poor economic condition. (Newswire)