Ahmedabad: Jain International Trade Organisation (JITO) plans to roll out a housing support initiative, offering financial assistance of Rs 3 lakh to Rs 8 lakh to nearly 10,000 needy Jain families across India over the next seven years. The programme, aimed at families below specified annual income thresholds, will provide either direct cash support or an interest subsidy to make home ownership possible for families currently living in rented accommodation.
Himanshu Shah, president of JITO Apex, said the movement began in 2019 with the handover of 36 apartments to needy Jain families in Ahmedabad. “For a Rs 18 lakh flat, Rs 3 lakh came from JITO, Rs 2.7 lakh from PM Awas Yojana and Rs 1.5 lakh was paid by the beneficiary.
The expense effectively turned into an investment, which improved their financial position,” Shah said. The balance was covered through a loan, and the EMI was less than the rent.
The homes are expected to be priced between Rs 20 lakh and Rs 35 lakh, with funding supported by donations from JITO members.
Sanjay Dangi, chairman of JITO Apex, said the scheme will also set home-cost boundaries. We believe this initiative will improve the quality of life of families and they will be in a better financial position,” Dangi said. “We will set lower and upper limits based on square feet and pricing. You Can Also Check: Gold Rate in Ahmedabad | Silver Rate in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad | Ahmedabad AQI | Weather in Ahmedabad | Petrol Price in Ahmedabad | Diesel Price in Ahmedabad | CNG Price in Ahmedabad | LPG Price in Ahmedabad