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Title: Maharashtra govt, SBI to set up stress fund for stuck slum rehabilitation projects
Source:The Economic Times
Date:9 July 2020

The government of Maharashtra along with the State Bank of India is setting up a stress fund to restart stuck slum rehabilitation projects in the MMR (Mumbai Metropolitan Region) and other urban areas of the state. SRA (Slum Rehabilitation Authority) is the nodal agency under the Housing Ministry to implement the slum redevelopment schemes. It has so far issued approvals to total 1,856 such projects aimed at providing over 5 lakh homes to slum dwellers. Around 540 projects of these have been completed, while 370 are stuck for various reasons including financial difficulties. The series of measures undertaken by SRA has also capped the rental amount structure, during the rehabilitation phase to Rs 12,000 and Rs 10,000 per month in the city and suburb zones respectively. While for the extended suburbs which come under the MMR region the government has capped rental structure to Rs 8000 per month.

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