The Kerala State Housing Board (KSHB) is clearing its financial liabilities and gearing up to form a corpus of Rs.50 crore to independently take up new projects within the next two years, Chairman Arakkal Balakrishna Pillai has said.

Mr.Pillai told reporters here on Wednesday that the board would clear a Hudco loan of Rs.730.67 crore by April with the budgetary support of the government and take up 60 projects worth Rs.900 crore.

As many as 20 consultancy works worth Rs.350 crore were being executed at present. In addition to the budgetary support provided earlier, the government had granted Rs.245.56 crore to clear the Hudco loan arrears. On repaying the Rs.2 crore due to Federal Bank soon, the board would clear all liabilities and take up new projects.

A slew of schemes had been drawn up for the marginalised sections. A sum of Rs.5 crore had been earmarked for constructing night shelters for migrant domestic labour and Rs.3 crore for the Athani housing scheme for the BPL labourers who migrate to the urban centres from remote rural areas .

A project for constructing working women’s hostels for Rs.4 crore and Rs.6 crore for the rental housing scheme to construct quarters for government employees are some of the major projects.

An allocation of Rs.90 crore for Grihasree, to construct houses for the economically weaker sections, is also a noteworthy support of the government.

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