Aims of Rajiv Rinn Yojana (RRY) - Rural & Urban Development
Q. Rajiv Rinn Yojana (RRY) addresses housing need of- Published on 06 Aug 15
a. Economically weak and Lower Income groups in urban areas
b. Urban BPL population
c. Urban slum dwellers and homeless
d. All of the above
ANSWER: Economically weak and Lower Income groups in urban areas
Urban poor having an annual household income of up to Rs. 1 lakh will be classified as EWS (Economically weak section) and those falling between Rs. 1 lakh and 2 lakhs would be categorized as LIG (Lower Income groups). Rajiv Rinn Yojana (RRY) addresses their housing need through enhanced credit flow. It provides interest subsidy of 5% on loans granted to EWS and LIG categories to construct their house or extend the existing ones.