PM Awas Yojana 2021: Along with PM Awas Yojana, now the common man can also get the facility of life insurance.
In fact, the industry body CII has demanded from the government that the Pradhan Mantri Awas Yojana should be re-launched and the facility of life insurance should be made mandatory in it.
A demand has also been made to provide compulsory insurance for those who get the loan of Pradhan Mantri Awas Yojana (PMAY). Let us tell you that the government has made a plan to give houses to all the people of the country. In which Pradhan Mantri Awas Yojana is an effective scheme.
In this, if the person taking the loan dies or becomes disabled due to an accident, then the dream of his house should not be broken. In view of this, a demand has also been made from the government to give the benefit of life insurance along with the loan.
Government’s biggest mission
Pradhan Mantri Awas Yojana PMAY is the most prominent of the different missions of the central government. Under this, the central government has set a target of providing housing to all by the year 2022, when the country becomes 75 years old. In order that there is no laxity in this goal, CII has also demanded from the government to provide life insurance to the beneficiary along with the housing scheme.
CII demand
If the government accepts this demand of CII and PM Awas Yojana is relaunched with life insurance, then it can prove to be a big achievement. Till now, the borrowers do not get any kind of cover under this scheme. There is no provision for in-built insurance plan with the loan.
CII says that if you get the benefit of insurance with the loan of PM Awas Yojana, then the cost of the house will also continue in difficult circumstances and the work of construction of the house will not stop.
Benefits of giving life insurance
CII says there is a need to relaunch the PMAY scheme with which the benefit of credit linked insurance or essentially life insurance can be extended to every borrower. This will not cause any problem in the goal of housing for all. The construction of the house will not stop even on the death or disability of the borrower.
There should be some such arrangement that families should get houses and not loans. Life insurance can play an important role in this. For rapid development in the country, providing affordable houses is the biggest need. Under PM Awas Yojana, if the borrower dies, then the construction of the house will stop and the effect of the loan will be different. This will make the family miserable.
