Low Cost Housing Corporation
In order to boost low cost housing across the country, the labour ministry is contemplating to set up a low cost housing corporation to finance low cost housing units aimed at the lowest strata of the society. The proposed corporation will be modeled on the lines of other housing corporations of the central government and funds for the corporation will be drawn from the corpus of the EPFO account, which has about Rs. 27,000cr. There are about 15cr subscribers of which 4.5cr are active subscribers. There has been a long pending demand from the subscribers to provide them low cost housing and that the government is all set to announce this very shortly.