THIRUVANANTHAPURAM: The Government has decided to extend the one-time settlement scheme of the Kerala State Housing Board (KSHB) up to March 31, 2007, Minister for Forests and Housing Benoy Viswom has said.
The scheme provided for waiver of defaulted interest and penal interest and five per cent of principal amount of all housing loans in arrears. The waiver would be only 70 per cent of the defaulted interest in case of high-income groups.
The Minister said that 6,778 persons had benefited from the scheme after the present Government came to power. From 2004 onwards, more than 32,000 persons had benefited from the scheme.
Mr. Viswom announced that a relief fund would be formed for carrying out housing schemes for those living below the poverty line (BPL). Contributions were being collected from various agencies and individuals, including overseas Indians. The organisation of Malayalis in North America, FOKANA, promised to assist in building 100 houses and payment of dues of 100 persons belonging to the weaker sections.
The KSHB, he said, was finalising schemes for building flats and commercial complex in Thiruvananthapuram, Kochi and Kozhikode on an advance payment basis. The housing schemes at Akkulam, Jagathy and Pandit's Colony in Thiruvananthapuram and Marine Drive, Panampally Nagar, Kaloor and Kakkanad would also be taken up on advance payment basis.
The Minister said that a housing task force started functioning as part of the plan to ensure houses for all by 2011. A new housing and habitat draft policy would be ready by March 2007. The task force would give its recommendations in one year.
He said the board was earning revenue from consultancy and contract works for other agencies.