A portion of VAMBAY, say 20% may utilized also for upgrading
existing houses in slums. The upper limit for upgradation of
existing unit should not be more than 50% of ceiling specified
for construction of new houses in para 8 above.
The Govt. of India will release the subsidy under VAMBAY to
HUDCO, which will match the subsidy on a 1:1 basis with a loan.
The rate of interest on this loan will be same as the ra te of
interest charged by HUDCO under its EWS housing portfolio. HUDCO
will release the subsidy and the loan directly to the State
Nodal Agency. The central share should be matched by an equal
amount either by a long-term loan from HUDCO or from any other
source such as budgetary support, resources of local bodies,
loan sources other than HUDCO or from the beneficiary. However,
HUDCO will release its grant component only after the State
Share of 50% is deposited in the designated account of the
implementing agency.
Under VAMBAY, the responsibility for providing land for the
project rests with the Urban Local Body. Typically, three types
of tenure are conceived.
Title to the slum dwellers in-situ ie. title to the land on
which they are currently dwelling. If this is conceded by the
State Government then the title or tenure rights must be given
duly keeping in view town planning norms and layout roads. If
land is scarce, such regulations and land use patterns can be
revised within reasonable norms to ensure denser land use
through innovative town planning.
Tenure or title can also be given partly in -situ where the part
of the land on which the slum exists is utilized for upgradation
and resettlement and the rest is put to other use or not used at
all in deference to the public interest. If land is scarce, the
project can be planned vertically i.e. multistoried complexes,
in such cases the title to the land will not rest with the
beneficiaries - they shall have title to the dwelling unit.
Land /tenure can also be provided by the State Govt. by
relocation either on land already available or through
acquisition. In the case of relocation, the convenience of slum
dwellers so relocated should be paramount and as far as possible
their consent should be taken.
No separate provision is made for land acquisition in VAMBAY.
However, if within the unit cost provided for each house, a
saving can be effected, such saving within each project, can be
used to partly or fully finance land acquisition. Tenure can be
made conditional to repayment of loan, if any, under each
project.
