VIJAYAWADA: Chief minister YS Jagan Mohan Reddy has said that the government was planning to waive Rs 10,000 crore worth housing loans of the poor through the One-Time Settlement (OTS) scheme.
He further said that the government would provide free registration of the houses transferring all rights to the beneficiaries.
The chief minister made this announcement with the officials during his review meeting on housing programme at his Tadepalli camp office on Wednesday. He wanted the officials to create awareness on the benefits of the OTS scheme for house loans among people. He further said that OTS scheme is totally voluntary and houses will be registered with clear title.
Jagan said a few vested interests were spreading false information on OTS scheme. He said the previous government did not consider proposals to waive interest of housing loans. He said over 43,000 people have paid interest along with the principal amount during the previous government. Though houses were given to them over the years by the successive governments, they have only B form pattas, which deprive them of even availing loans for their domestic needs.
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 state government will also register the houses and give absolute rights to 43,000 people who paid the loan amount in previous government. He added that registration process will be continued in village secretariats in future.
The officials informed the CM that the registration process is being done in village/ ward Secretariats. They further said that registration document, field sketch and loan clearance certificates are being issued to the beneficiaries of OTS scheme. The officials have furnished the details of the progress of the works of construction of houses under ‘Pedarandariki Illu’ scheme.
