Rajiv (RRY)21542154

5/4/2015 Rajiv Rinn Yojana (RRY)

http://www.mhupa.gov.in/RRY/RRY_Page.htm 1/1

Important LinksGuidelines

RRY Guidelines: (English) (Hindi)Operational Guidelines

State Targets for FY 2014­15Presentation on RRYMinutes of Meeting

Meeting held on 25th September 2013 withHeads of Banks and HFIs

Compendium of queries raised on RRY andresponses of MoHUPAIncome Certifying Officials for RRYContacts

Key ContactsKey CNA Contacts

Credit Risk Guarantee FundGazette NotificationFAQsGuidelines for Lending InstitutionsThe list of Banks that have signed the MoUfor CRGF

Refinance SchemesUrban Housing Fund Refinance SchemeSpecial Refinance Scheme for Low IncomehousingRefinance Scheme for ConstructionFinance for Affordable Housing

Rajiv Rinn Yojana (RRY) is an instrument to address the housing needs of the EWS/LIG segments in urban areas, through enhancedcredit flow. It is also formulated to channelize institutional credit to the poorer segments of the society and increasing homeownership in the country along with addressing housing shortage. RRY has been formulated by modifying the Interest SubsidyScheme for Housing the Urban Poor (ISHUP) piloted in the 11th Plan period with enhanced scope and coverage. RRY is a CentralSector Scheme applicable in all the urban areas of the Country.

RRY provides for interest subsidy of 5% (500 basis points) on loans granted to EWS and LIG categories to construct their houses orextend the existing ones. Loan upper limit Rs 5 lakh for EWS and 8 lakh for LIG; interest subsidy would, however, be limited to thefirst Rs 5 lakh of the loan amount, in case the loan exceeds this amount.

Rajiv Rinn Yojana is a target driven scheme. The overall target for the 12th Plan period is 1 million (or 10 lakh) dwellings acrosscountry including slum and non­slum dwellers. The Targets for the States for the current Financial Year (2013­14) are periodicallyfixed and conveyed to the concerned department(s).

Housing and Urban Development Corporation (HUDCO) and National Housing Bank (NHB) have been designated as the CentralNodal Agencies for the Scheme.

Ministry of Housing and Urban Poverty Alleviation

Government of India

Rajiv Rinn Yojana