{"id":291,"date":"2021-05-20T10:40:07","date_gmt":"2021-05-20T10:40:07","guid":{"rendered":"http:\/\/habitatcdp.microwarecomp.com\/?page_id=291"},"modified":"2021-08-17T12:20:50","modified_gmt":"2021-08-17T12:20:50","slug":"financial-literacy","status":"publish","type":"page","link":"https:\/\/cdp.habitatindia.net\/ml\/financial-literacy\/","title":{"rendered":"Financial Literacy1"},"content":{"rendered":"<div class=\"row\">\n<div class=\"col-sm-12 p-0\"><img decoding=\"async\" class=\"img\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/05\/financial-literacy.jpg\"><\/div>\n<\/div>\n<div class=\"row contact-bg\">\n<div class=\"container\">\n<div class=\"row\">\n<div class=\"col-sm-12 mt-4\">\n<h1 class=\"pt-3\"><span class=\"b-buttom\">What is Financial Literacy?<\/span><\/h1>\n<p class=\"text-justify text-secondary mb-2 pt-5\">Financial literacy is the ability to use skills and knowledge to take effective and informed money-management decisions. For India, financial\nliteracy and awareness on financial opportunities is vital to promote financial inclusion and ultimately financial stability.<\/p>\n<p class=\"text-justify text-info font-weight-bold mb-2\">The Objectives of Financial Literacy:<\/p>\n\n<div class=\"li-data\">\n<ol>\n \t<li>To inculcate habits of savings<\/li>\n \t<li>To help people in financial planning \/household budgeting<\/li>\n \t<li>To help \/build capacity and ability to borrow loan from different financial institutes\/banks<\/li>\n \t<li>To understand and plan family budgeting<\/li>\n \t<li>To understand savings and options<\/li>\n \t<li>To understand investment and options<\/li>\n \t<li>To understand banking and different aspects<\/li>\n \t<li>To understand financial aspects in Loan<\/li>\n \t<li>To understand loan capacity<\/li>\n \t<li>To understand debt management<\/li>\n \t<li>To sustain financial growth by linking with income generation activities and self-help groups<\/li>\n<\/ol>\n<\/div>\n<div class=\"row py-3\">\n<div class=\"col-sm-12\"><img decoding=\"async\" class=\"w-100\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/07\/fan-lit_1.jpg\">\n<!--<img decoding=\"async\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/05\/financial-literacy-2.jpg\" class=\"img\">--><\/div>\n<\/div>\n<h5 class=\"font-weight-bold mt-1 mb-2\">Important definition and terms<\/h5>\n<div class=\"li-data\">\n<ul>\n \t<li>\n<p class=\"text-justify text-secondary mb-2 pb-2\"><b>Income:<\/b><br class=\"\">Money earned from various sources like salary, wages, earnings or profit\nfrom farming, business, investment etc. is our income.<\/p>\n\n<table class=\"table table-stripped table-bordered table-hover font-weight-bold\">\n<thead>\n<tr class=\"bg-info text-white \">\n<th>Income<\/th>\n<th class=\"text-center\">Rs. (Amount)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Salary of husband<\/td>\n<td class=\"text-center\">10000<\/td>\n<\/tr>\n<tr>\n<td>Salary of Wife<\/td>\n<td class=\"text-center\">3000<\/td>\n<\/tr>\n<tr>\n<td>Pension of father<\/td>\n<td class=\"text-center\">2000<\/td>\n<\/tr>\n<tr>\n<td>Earning from agriculture sale<\/td>\n<td class=\"text-center\">4000<\/td>\n<\/tr>\n<tr>\n<th>TOTAL INCOME<\/th>\n<th class=\"text-center\">19000<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n \t<li>\n<p class=\"text-justify text-secondary pt-2\"><b>Expenditure:<\/b><br class=\"\">Money spent on essential and non-essential\nitems is expense<\/p>\n\n<table class=\"table table-stripped table-bordered table-hover mb-4\">\n<thead>\n<tr class=\"bg-info text-white\">\n<th>Expense<\/th>\n<th class=\"text-center\">Rs. (Amount)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Food, shelter, Clothes<\/td>\n<td class=\"text-center\">10000<\/td>\n<\/tr>\n<tr>\n<td>Education<\/td>\n<td class=\"text-center\">2000<\/td>\n<\/tr>\n<tr>\n<td>Repayment loan<\/td>\n<td class=\"text-center\">2000<\/td>\n<\/tr>\n<tr>\n<td>Sickness<\/td>\n<td class=\"text-center\">1500<\/td>\n<\/tr>\n<tr>\n<td>Drink, drugs, Gutka<\/td>\n<td class=\"text-center\">1200<\/td>\n<\/tr>\n<tr>\n<td>Excessive expenses on Marriage, Festivals, Pilgrimage etc<\/td>\n<td class=\"text-center\">500<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td class=\"text-center font-weight-bold\">17200<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<\/ul>\n<\/div>\n<img decoding=\"async\" class=\"w-100  mt-2\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/05\/financial-literacy-2.jpg\">\n<p class=\"text-justify text-secondary py-2 text-center\"><b> Let\u2019s understand what\u2019s essential and non-essential expenses\nthrough the poster above:<\/b><\/p>\n<!-- ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== ==== -->\n<div id=\"main\" class=\"my-2\">\n<div id=\"faq\" class=\"accordion\">\n<div class=\"card\">\n<div id=\"faqhead12\" class=\"card-header bg-transparent\"><a class=\"btn btn-header-link collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq12\" aria-expanded=\"true\" aria-controls=\"faq12\"><span>Central and State Health schemes<\/span><\/a><\/div>\n<div id=\"faq12\" class=\"collapse\" aria-labelledby=\"faqhead12\" data-parent=\"#faq\">\n<div class=\"card-body \">\n<div class=\"row\">\n<div class=\"col-sm-12\">\n<h1 class=\"pt-3 pb-3\"><span class=\"b-buttom1\">Central and State Health schemes<\/span><\/h1>\n<div class=\"mb-4 li-data\">\n<ol>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Aswasakiranam<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Financial support for the relative of the patient, who care for them<\/li>\n \t<li>Income is not considerable for Mental patients, autistic patients, cerebral palsy, mental retardation, cancer patients etc.<\/li>\n \t<li>Age limit of the care giver should be 18-65<\/li>\n \t<li>This benefit is also available for those who receive other welfare pensions.<\/li>\n \t<li>Applications for this can be made through the ICDS<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Cancer care for children<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>It is a financial aid for cancer patients under the age of 18 years those in below poverty line.<\/li>\n \t<li>It provides financial support up to Rs 50,000<\/li>\n \t<li>Financial support is available for long term treatment also<\/li>\n \t<li style=\"list-style: none; font-style: italic; font-weight: bold;\">List of the hospitals providing treatment:\n<ul style=\"font-style: italic; font-weight: normal; list-style: disc;\">\n \t<li>Regional cancer center, Trivandrum<\/li>\n \t<li>Government Medical College Hospitals(Trivandrum, Kottayam, Alappuzha, Thrissur, Kozhikode)<\/li>\n \t<li>General Hospital, Ernakulum<\/li>\n \t<li>Pariyaram co-operative medical college<\/li>\n \t<li>Malabar Cancer Center , Thalasseri &#038; Kannur<\/li>\n \t<li>I M C H Medical college , Kozhikode<\/li>\n \t<li>ICH, Kottayam<\/li>\n<\/ul>\n<\/li>\n \t<li>Contact with Suraksha Mission Counsellors of respective hospitals, contact no : 9645205437, 9645205438<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Thalolam<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>It is a medical support for children under the age of 18 for chronic diseases.<\/li>\n \t<li>It provides financial support up to 50,000<\/li>\n \t<li>There is no limitation of financial support for advanced treatment.<\/li>\n \t<li>Priority to diseases like kidney failure, heart diseases, ortho related diseases, autism, haemophilia,\nthalassemia, sickle cell anaemia, gillen Bari, accidents which needs dialysis and major surgeries<\/li>\n \t<li>Special counters are must in hospitals have this scheme<\/li>\n \t<li>List of the hospitals providing treatment :\n<ul style=\"font-style: italic; font-weight: normal; list-style: disc;\">\n \t<li>Regional cancer center, Trivandrum<\/li>\n \t<li>Government Medical College Hospitals(Trivandrum, Kottayam, Alappuzha, Thrissur, Kozhikode)<\/li>\n \t<li>General Hospital, Ernakulum<\/li>\n \t<li>Pariyaram co-operative medical college<\/li>\n \t<li>Malabar Cancer Center , Thalasseri &#038; Kannur<\/li>\n \t<li>I M C H Medical college , Kozhikode<\/li>\n \t<li>ICH, Kottayam<\/li>\n \t<li>Sree Chithira Thirunnal Hospital Trivandrum<\/li>\n \t<li>General Hospital Kasargode<\/li>\n<\/ul>\n<\/li>\n \t<li>Contact with Suraksha Mission Counsellors of respective hospitals Contact no : 9645205437, 9645205438<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Sruthitharangam <\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Surgery for the children in the age group of 0-5 years, who are hearing impaired<\/li>\n \t<li>Speech ability through audio \u2013 verbal rehabilitation<\/li>\n \t<li>Assistance for cochlear implantation for children with hearing impairment under the age of 3<\/li>\n \t<li>Medical records to prove the necessity of cochlear implantation<\/li>\n \t<li>Free surgery of cost 5,50,000<\/li>\n \t<li>Income limit \u2013 Rs 2,00,000<\/li>\n \t<li style=\"list-style: none; font-style: italic; font-weight: bold;\">List of the hospitals providing treatment:\n<ul style=\"font-style: italic; font-weight: normal; list-style: disc;\">\n \t<li>Government Medical College Hospitals (Trivandrum, Kozhikode)<\/li>\n \t<li>Swanthanam Hospital, Trivandrum<\/li>\n \t<li>KIMS, Trivandrum<\/li>\n \t<li>MIMS, Kozhikode<\/li>\n \t<li>Dr. Manoj ENT Hospital, Kozhikode<\/li>\n \t<li>Dr. Noushad ENT Hospital, Ernakulum<\/li>\n \t<li>Medical Trust Hospital, Kochi<\/li>\n \t<li>West Fort Hospital, Thrissur,<\/li>\n \t<li>Al Shifa Hospital, Perinthalmanna<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/li>\n<\/ol>\n<img decoding=\"async\" class=\"w-100\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/07\/ear.jpg\">\n<ol>\n \t<li style=\"list-style-type: none;\">\n<ol>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Snehapoorvam<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Educational assistance for children in the category include orphans, abandon children, children who have\nlost their parents in war, communal riots, natural disaster, accidents etc.<\/li>\n \t<li>They are not properly fed; they have no shelter, nutritious food, health care, education and any recreation<\/li>\n \t<li>Assistance will give up to degree in government or aided institutions<\/li>\n \t<li>Children below 5 years and class 1 \u2013 5 at Rs 300 per month<\/li>\n \t<li>For class 6 \u2013 10 at Rs 600 per month<\/li>\n \t<li>For class 11 &#038;12 at Rs 750 per month<\/li>\n \t<li>For degree course at 1000 per month<\/li>\n \t<li>Application should be submitted from their educational institutions<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Samaswasam 1<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>This scheme is mean for kidney patients belong to BPL families who are undergoing dialysis at least once in a month.<\/li>\n \t<li>Assistance is Rs 1100 per month<\/li>\n \t<li style=\"list-style: none; font-style: italic; font-weight: bold;\">Documents needed:\n<ul style=\"font-style: italic; font-weight: normal; list-style: disc;\">\n \t<li>BPL certificate\/BPL Ration card<\/li>\n \t<li>Medical certificate with date of first treatment<\/li>\n \t<li>Copies of bank passbook and identity card<\/li>\n<\/ul>\n<\/li>\n \t<li style=\"list-style: none;\">Application should be submitted in Child Development Office<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Samaswasam 2<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>This scheme is mean for kidney \/ liver transplanted patients<\/li>\n \t<li>Assistance is Rs 1000 per month<\/li>\n \t<li>Assistance up to 5 years after transplantation<\/li>\n \t<li>Annual Income : up to 1,00,000<\/li>\n \t<li style=\"list-style: none; font-style: italic; font-weight: bold;\">Documents needed:\n<ul style=\"font-style: italic; font-weight: normal; list-style: disc;\">\n \t<li>Copies of discharge sheets, bank passbook and identity card<\/li>\n<\/ul>\n<\/li>\n \t<li style=\"list-style: none;\">Application should be submitted in Child Development Office<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Samaswasam 3<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Financial assistance for patient with haemophilia<\/li>\n \t<li>Assistance is Rs 1000 per month<\/li>\n \t<li>Annual income is not considerable<\/li>\n \t<li style=\"list-style: none; font-style: italic; font-weight: bold;\">Documents needed:\n<ul style=\"font-style: italic; font-weight: normal; list-style: disc;\">\n \t<li>Medical certificate from medicine\/ paediatric\/ haematology department of any hospital from the below list:\n<ul style=\"list-style: decimal-leading-zero;\">\n \t<li>Government Medical College<\/li>\n \t<li>Aluva District Hospital<\/li>\n \t<li>Pariyaram Medical College<\/li>\n<\/ul>\n<\/li>\n \t<li>Copies of bank passbook and identity card<\/li>\n<\/ul>\n<\/li>\n \t<li style=\"list-style: none;\">Application should be submitted Suraksha Mission Executive Director<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Assistance for Differently Abled<\/b><\/p>\n<p class=\"text-justify text-secondary\"><b style=\"font-style: italic;\">Medical Certificate and ID card<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Certificates are provided through superintenant of Taluk\/ district hospital\/ district differently abled rehabilitation center<\/li>\n \t<li>More than 40% of differently abled people are provided with ID Cards besides certificates<\/li>\n \t<li>They also provide periodic improvement certificates for minor defects.<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Special Assistance for Differently Abled through District social welfare office<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Assistance is provided to persons with disabilities below the poverty line support from disability relief fund \u2013 No\nspecial assistance for treatment<\/li>\n \t<li>Rs 10,000 assistance for marriage of differently abled girls<\/li>\n \t<li>Fee pass for travelling in KSRTC\/ Private bus\/ City, ordinary, fast passenger buses within the state especially\nfor blind, deaf and mentally retarded persons having 40% disability. They should submit application to the district\ntransport office<\/li>\n \t<li>Necessary equipment for differently abled such as artificial limbs, three wheeled vehicles, wheel chairs,\ncallie purses, crutches, hearing aids, colostomy bags etc. Annual income do not exceed 60,000<\/li>\n \t<li>10,000 Rs Subsidy for differently abled for three wheeled vehicles<\/li>\n \t<li>Financial assistance for small scale entrepreneurship programmes and also have subsidy ranging from Rs\n5,000 \u2013 25,000 for a bank loan 20,000 \u2013 1,00,000<\/li>\n \t<li>Rs 50,000 grant for differently abled lottery agents<\/li>\n \t<li style=\"list-style: none; font-style: italic; font-weight: bold;\">Educational Scholarship for differently\nabled children <br class=\"\">Criteria:\n<ul style=\"font-style: italic; font-weight: normal; list-style: disc;\">\n \t<li>Class 1 \u2013 8 &#8211; Income limit up to 15,000<\/li>\n \t<li>Class 9 and above &#8211; Income limit up to 36,000<\/li>\n \t<li>Children studying in Government schools \/ government recognized schools or colleges are eligible\n(Those who receiving any other scholarship or disability pension are not eligible)<\/li>\n \t<li>Children should have at least 40% marks in the previous annual exam<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Assistance available through Scheduled Caste Development Department<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Rs 10000 Assistance from District officer and more than 10000 from state officer for chronic illness<\/li>\n \t<li>Posthumous assistance, medical assistance and natural disaster relief assistance from relief fund of backward\nclasses ministers<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Snehasparsham for unwed mothers<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Rs 1000 per month for Health care of unwed mothers<\/li>\n \t<li style=\"font-style: italic; font-weight: bold; list-style: none;\">Eligibility\n<ul style=\"font-weight: normal;\">\n \t<li>Applicant should be under 65 years<\/li>\n \t<li>The applicant must be an account holder in a post office<\/li>\n \t<li>Applicant should not be a recipient of any other pension scheme of the Government<\/li>\n \t<li style=\"font-style: italic; font-weight: bold; list-style: none;\">Documents needed:\n<ul style=\"font-style: italic; font-weight: normal; list-style: disc;\">\n \t<li>Attested copy of Aadhar card and ration card<\/li>\n \t<li>Copy of post office account passbook<\/li>\n \t<li>LIFE certificate to be submitted every year in the month of June<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Assistance under Kerala Tree Climbing welfare Scheme<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Rs 20,000 as one time Assistance for injured persons who fell from trees<\/li>\n \t<li>Rs 50,000 as one time Assistance for dependents of person who died by felling from tree<\/li>\n \t<li>Rs 20,000 as one time medical Assistance for unorganized sector workers those who have kidney\nfailure, cancer, tuberculosis and tumour<\/li>\n \t<li>Application should be submitted at Labour office<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Society for Medical Assistance to the poor<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Assistance will give to Cancer Treatment, Kidney Failure Treatment, Ortho related surgeries, Cardiac open surgeries, Angioplasty, Pacemaker, Brain related surgeries and liver transplantation surgeries<\/li>\n \t<li>No limitations for the assistance<\/li>\n \t<li style=\"list-style: none; font-style: italic; font-weight: bold;\">List of the hospitals providing treatment :\n<ul style=\"font-style: italic; font-weight: normal; list-style: disc;\">\n \t<li>Regional cancer center, Trivandrum<\/li>\n \t<li>Government Medical College Hospitals (Trivandrum, Kottayam, Alappuzha, Thrissur, Kozhikode)<\/li>\n \t<li>General Hospital, Ernakulum<\/li>\n \t<li>Pariyaram co-operative medical college<\/li>\n \t<li>Malabar Cancer Center , Thalasseri &#038; Kannur<\/li>\n \t<li>I M C H Medical college , Kozhikode<\/li>\n \t<li>Sree Chithira Thirunnal Institute of Medical Science, TVM<\/li>\n \t<li>Science and Technology, TVM<\/li>\n \t<li>Sree Avittamthirunnal Hospital, TVM<\/li>\n \t<li>EMS Memorial co-operative hospital Perinthalmanna<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<img decoding=\"async\" class=\"w-100 mt-2 mb-3\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/07\/central-hand.jpg\">\n<ol>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Rashtriya Arogya Nidhi<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Financial Assistance to patients, living below poverty line who are suffering from major life threatening diseases,\nto receive medical treatment at any super specialty\/ Government hospitals<\/li>\n \t<li>No limitation for medical assistance<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Karunya Benevolent Scheme<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Financial aid to underprivileged people suffering from acute ailments like cancer, haemophilia, kidney and heart\ndiseases and for palliative care.<\/li>\n \t<li>The person must be an inpatient<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Samagra Arogya Insurance Scheme (RSBY &#038; CHIS)<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Under this scheme family can get medical assistance up to Rs 30,000<\/li>\n \t<li>Up to Rs 2,00,000 as medical support for cancer, heart ailments and kidney diseases<\/li>\n \t<li>Families can submit applications through AKSHAYA<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Janani Suraksha Yojana<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Rs 700 as Financial support for BPL Women for their first two deliveries in Government Hospitals (Rs 600 in urban areas)<\/li>\n \t<li>Rs 300 for travel expense<\/li>\n<\/ul>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary\"><b>Janani Shishu Suraksha Kaaryakram<\/b><\/p>\n\n<div class=\"li-icons\">\n<ul>\n \t<li>Absolutely free maternal treatment with no financial expense<\/li>\n \t<li>Free treatment for neonatal illness up to 30 days after birth<\/li>\n<\/ul>\n<\/div><\/li>\n<\/ol>\n<\/div>\n<h1 class=\"pt-3 pb-3\"><span class=\"b-buttom1\">Conclusion<\/span><\/h1>\n<p class=\"text-justify  text-secondary\">As a humble step towards assisting the disaster-o\/\/ected familiesin the state to rebuild\ntheir lives fromthe ground up in terms of Shelter, WASH, Finance Literacy and Disaster Management, the Habitat for Humanity India\ntogether with the Center for Disaster Philanthr Py implemented Housing Support Service (HSS) as a post disaster response in Paravur\nTaluk of Ernakulam District.<\/p>\n<p class=\"text-justify  text-secondary\">Through HSS, as envisaged, we delivered documentation and technical assistance as well as\nplanning and designing of sustainable construction methods for familiesin the area to reconstruct their homes which were shattered\nby the unprecedented flood in 2018. In time to come, HSS could be considered as a scaling strategy serving amilies without directly\ninvolving in the construction of houses. <br class=\"\">In light of the need for creating a resilient pathway or the\nfamilies,a comprehensiveguidebook encompassing three chapters as Shelter, WASH, and Financial Literocy has been developed.\nThe collection and compilation of the information became possible only through continuous collaboration with grass root level\norganizations, local Government authorities, Architects, and Engineers associations. Through the guidebook, we have addressed\nthe gaps and needs in the housing sector exclusiveluI Paravur TallJk which can sensitive and influence the policymakers for\nfurtherpolicy development in planning the positive changes in the shelter sector.<\/p>\n<p class=\"text-justify  text-secondary\">We envisage reaching out to all the individuals in Paravur creating awareness regarding\nDisaster Resi\/ient Housing, common practices, methods, and suitable materials in house construction, various Govt. housing schemes,\nand so on. We, Habitat India and CDP hope that the \/irst edition of the handbook on HSS in Paravur Taluk will become an essential\n\/irststeppingstone towards creating a community with strength, stability, and self-reliance.This handbook can continue as a\nreference for comprehensive shelter, WASH, and Financial IiteracY ractiCes afid will be useful for years to come as it emphasizes on\nbuildingdisaster resilient, healthy and selficient community<\/p>\n\n<div class=\"table-responsive mt-4 pb-4\">\n<table class=\"table table-stripped table-bordered table-hover\">\n<thead>\n<tr class=\"bg-info text-white\">\n<td><strong>Name<\/strong><\/td>\n<td><strong>Contact<\/strong><\/td>\n<td><strong>Name<\/strong><\/td>\n<td><strong>Contact<\/strong><\/td>\n<\/tr>\n<tr class=\"bg-info text-white\">\n<td colspan=\"2\"><strong>Tahsildar and Village Offices<\/strong><\/td>\n<td colspan=\"2\"><strong>Contact Number of Collectors<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr id=\"r2\">\n<td><strong>Tahsildar Paravur<\/strong><\/td>\n<td>0484-2442326<\/td>\n<td>District Collector<\/td>\n<td>0484-2423001<\/td>\n<\/tr>\n<tr id=\"r3\">\n<td><strong>Municipal Office<\/strong><\/td>\n<td>0484-2442327<\/td>\n<td>Dy.Collector (Genl)\/ADM<\/td>\n<td>0484-2422282<\/td>\n<\/tr>\n<tr id=\"r4\">\n<td><strong>Village Office, Vadakkumbhagam<\/strong><\/td>\n<td>0484-2466332<\/td>\n<td>Dy.Collector (RR)<\/td>\n<td>0484-2422292<\/td>\n<\/tr>\n<tr id=\"r5\">\n<td><strong>Village Office, Alangad<\/strong><\/td>\n<td>0484-2672658<\/td>\n<td>Dy.Collector (LR)<\/td>\n<td>0484-2422292<\/td>\n<\/tr>\n<tr id=\"r6\">\n<td><strong>Village Office, Chendamangalam<\/strong><\/td>\n<td>0484-2518575<\/td>\n<td>Dy.Collector (LA)<\/td>\n<td>0484-2422292<\/td>\n<\/tr>\n<tr id=\"r7\">\n<td><strong>Village Office, Eloor<\/strong><\/td>\n<td>0484-2547111<\/td>\n<td>Dy.Collector (election)<\/td>\n<td>0484-2422292<\/td>\n<\/tr>\n<tr id=\"r8\">\n<td><strong>Village Office, Ezhikkara<\/strong><\/td>\n<td>0484-2508859<\/td>\n<td class=\"x22\">Akshaya District Office<\/td>\n<td>0484-2422693<\/td>\n<\/tr>\n<tr id=\"r9\">\n<td><strong>Village Office, Parur<\/strong><\/td>\n<td>0484-2440438<\/td>\n<td colspan=\"2\"><strong>Agricultural Development &#038; Farmers Welfare Department Contact Details<\/strong><\/td>\n<\/tr>\n<tr id=\"r10\">\n<td><strong>Village Office, Kadungalloor<\/strong><\/td>\n<td>0484-2609575<\/td>\n<td>ADA Paravur<\/td>\n<td>0484-2448664<\/td>\n<\/tr>\n<tr id=\"r11\">\n<td><strong>Village Office, Kottuvally<\/strong><\/td>\n<td>0484-2440437<\/td>\n<td>Kottuvally<\/td>\n<td>0484-2440207<\/td>\n<\/tr>\n<tr id=\"r12\">\n<td><strong>Village Office, Kunnukara<\/strong><\/td>\n<td>0484-2479980<\/td>\n<td>Chendamangalam<\/td>\n<td>0484-2518122<\/td>\n<\/tr>\n<tr id=\"r13\">\n<td><strong>Village Office, Karumaloor<\/strong><\/td>\n<td>0484-2672659<\/td>\n<td>Vadakkekara<\/td>\n<td>0484-2440204<\/td>\n<\/tr>\n<tr id=\"r14\">\n<td><strong>Village Office, Moothakunnam<\/strong><\/td>\n<td>0484-2484432<\/td>\n<td>Chittattukara<\/td>\n<td>0484-2440334<\/td>\n<\/tr>\n<tr id=\"r15\">\n<td><strong>Village Office, Puthenvelikara<\/strong><\/td>\n<td>0484-2487250<\/td>\n<td>Paravur Municipality<\/td>\n<td>0484-2440194<\/td>\n<\/tr>\n<tr id=\"r16\">\n<td><strong>Village Office, Vadakkekara<\/strong><\/td>\n<td>0484-2440439<\/td>\n<td>Ezhikkara<\/td>\n<td>0484-2508095<\/td>\n<\/tr>\n<tr>\n<td><strong>Village Office, Varapuzha<\/strong><\/td>\n<td>0484-2511652<\/td>\n<td>Town Employment Exchange North Paravur<\/td>\n<td>0484 2440066<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" colspan=\"4\"><strong>Helpline Numbers &#8211; Government of Kerala<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Taluk Supply Officer, North Paravur<\/strong><\/td>\n<td>0484 2442318<\/td>\n<td>Chief Minister\u2019s Distress Relief Fund<\/td>\n<td>0471-2518513<\/td>\n<\/tr>\n<tr id=\"r20\">\n<td><strong>Child Helpline<\/strong><\/td>\n<td style=\"text-align: right;\">1098<\/td>\n<td>Consumer Toll Free Helpline<\/td>\n<td style=\"text-align: right;\">18004251550<\/td>\n<\/tr>\n<tr id=\"r21\">\n<td><strong>Women Helpline<\/strong><\/td>\n<td style=\"text-align: right;\">1091<\/td>\n<td>CPC Call Center<\/td>\n<td>1800-425-2229<\/td>\n<\/tr>\n<tr id=\"r22\">\n<td><strong>Crime Stopper<\/strong><\/td>\n<td style=\"text-align: right;\">1090<\/td>\n<td>Disaster Management Helpline<\/td>\n<td style=\"text-align: right;\">1077<\/td>\n<\/tr>\n<tr id=\"r23\">\n<td><strong>DIAL A DOCTOR<\/strong><\/td>\n<td style=\"text-align: right;\">1056<\/td>\n<td>Highway Alert<\/td>\n<td>9846 100 100<\/td>\n<\/tr>\n<tr id=\"r24\">\n<td><strong>Call Center for General Query<\/strong><\/td>\n<td style=\"text-align: right;\">1961<\/td>\n<td>KSRTC Helpline<\/td>\n<td>Tel: 0471 \u2013 2463799<\/td>\n<\/tr>\n<tr id=\"r25\">\n<td><strong>Election Helpline<\/strong><\/td>\n<td style=\"text-align: right;\">1950<\/td>\n<td>KSEB<\/td>\n<td style=\"text-align: right;\">1912<\/td>\n<\/tr>\n<tr id=\"r26\">\n<td><strong>Pink Police Patrol<\/strong><\/td>\n<td style=\"text-align: right;\">1515<\/td>\n<td>Labour Call Centre<\/td>\n<td>1800 425 55214\/ 155215<\/td>\n<\/tr>\n<tr id=\"r27\">\n<td><strong>Citizens Call Centre<\/strong><\/td>\n<td style=\"text-align: right;\">155300<\/td>\n<td>Pradhan Mantri Jan-Dhan Yojana (PMJDY)<\/td>\n<td>SLBC Call centre: 1800 425 11222<\/td>\n<\/tr>\n<tr id=\"r28\">\n<td><strong>Labour Minister\u2019s Helpline<\/strong><\/td>\n<td>155 300<\/td>\n<td>PWD Helpline<\/td>\n<td>1800 425 7771<\/td>\n<\/tr>\n<tr id=\"r29\">\n<td><strong>Rail Alert<\/strong><\/td>\n<td>9846 200 100<\/td>\n<td>State Consumer Helpline<\/td>\n<td>1800-425-1550 (Toll free)<\/td>\n<\/tr>\n<tr id=\"r30\">\n<td><strong>Ration card renewal<\/strong><\/td>\n<td>Tel: 0471-2320379, 9495998223<\/td>\n<td>UID\/Aadhaar<\/td>\n<td>1800-4251-1800<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<a class=\"btn btn-outline-warning float-right mb-4\" href=\"how-to-apply\">Read More<\/a>\n\n<\/div>\n<\/div>\n<\/div>\n<div class=\"card\">\n<div id=\"faqhead1\" class=\"card-header bg-transparent\"><a class=\"btn btn-header-link collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq1\" aria-expanded=\"true\" aria-controls=\"faq1\"><span>Financial literacy for financial inclusion<\/span><\/a><\/div>\n<div id=\"faq1\" class=\"collapse \" aria-labelledby=\"faqhead1\" data-parent=\"#faq\">\n<div class=\"card-body\">\n<div class=\"row\">\n<div class=\"col-sm-12\">\n<h1 class=\"pt-3 pb-3\"><span class=\"b-buttom1\">Financial Literacy for Financial Inclusion<\/span><\/h1>\n<div class=\"float-left w-100\"><!--\n<p class=\"pl-3 mb-30\" style=\"float:right\">\n<img decoding=\"async\" class=\"img-thumbnail\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/06\/flfi.jpg\"><\/p>\n\n-->\n<p class=\"text-justify text-secondary\">As per a global survey by Standard &#038; Poor\u2019s Financial Services LLC (S&#038;P) less than 25% of adults are financially literate in South\nAsian countries. For an average Indian, financial literacy is yet to become a priority. India is home to 17.5% of the world\u2019s\npopulation but nearly 76% of its adult population does not understand even the basic financial concepts.<\/p>\n<p class=\"text-justify text-secondary\">The survey confirms that financial literacy in India has consistently been poor compared to the rest of the world.\nFinancial illiteracy puts a\nburden on the nation in the form of higher cost of financial security and lesser prosperity. An example of this is the fact that most people\nresort to investing more in physical assets and short-term instruments, which conflicts with the greater need for long-term investments, both\nfor households to meet their life stage goals and for meeting the country\u2019s capital requirements for infrastructure.<\/p>\n<p class=\"text-justify text-secondary\">In India, there are also certain erroneous beliefs associated with financial literacy, the most common\nbeing the myth that one who is \u2018literate\u2019 or \u2018rich\u2019 is also \u2018financially literate\u2019. Lack of basic financial understanding leads to unproductive\ninvestment decisions. Another myth is that financial literacy is more important for adults. We can achieve the desired results from financial\nliteracy only when we start educating our children. Like many other provocative topics, money is something that kids hear about outside homes\nas well, which exposes them to wrong perceptions.<\/p>\n<p class=\"text-justify text-secondary\">Financial regulators in India \u2014 Reserve Bank of India (RBI), Securities and Exchange Board of India (Sebi),\nInsurance Regulatory and Development Authority of India (Irdai) and Pension Fund Regulatory and Development Authority (PFRDA) \u2014 have created a joint\ncharter called \u2018National Strategy for Financial Education on detailing initiatives taken by them and also other market participants like banks, stock\nexchanges, broking houses, mutual funds and insurers. What is required is a joint effort by all the banking, financial services and insurance companies\nas well to be able to achieve noticeable changes in the perceptions that an average Indian has about financial management.<\/p>\n<p class=\"text-justify text-secondary\">The recent mammoth exercise of demonetization should help bring many more people into the organized sector,\nthereby opening up possibilities for financial inclusion and literacy. The launch of digital wallets, Universal Payments Interface (UPI) and new-age\ncommercial and payments banks have paved new ways for a less-cash economy. The push to increase usage of mobiles for payments is significant, as India\nis already the world\u2019s second biggest smartphone market with over 220 million smartphone users. These numbers create enormous possibilities to go digital\nand create new opportunities to engage and share financial knowledge with consumers.<\/p>\n<p class=\"text-justify text-secondary\">Financial literacy and financial stability are two key aspects of an efficient economy. Financial literacy enhances\nindividuals\u2019 ability to ensure economic security for their families. In India, on one hand, there is a need to reach out to lower income groups and\neconomically weaker sections, and on the other, to millennials who are hyper- connected and require tailor-made financial products but have\nlimited awareness of the possible financial solutions.<\/p>\n\n<\/div>\n<\/div>\n<div class=\"col-sm-12\">\n<h1 class=\"pt-3 pb-5\"><span class=\"b-buttom\">Housing Sanitation and Financial Literacy<\/span><\/h1>\n<div class=\"float-left w-100 mb-2\"><!--\n<p class=\"pl-3 mb-30\" style=\"float:right\">\n<img decoding=\"async\" class=\"img-thumbnail\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/06\/hsfl.jpg\"><\/p>\n\n-->\n<p class=\"text-justify text-secondary\">According to the 2011 Census, there were 1.77 million homeless people in India, or 0.15% of the country\u2019s total population.\nThere is a shortage of\n18.78 million houses in the country (as per 2011 census). Similarly, India, the world\u2019s second-largest country by population,\nhas the highest number of people (732 million) without access to toilets, according to a new re\u00ad port by Water Aid, titled Out Of\nOrder. It further stated that 355 million women and girls lack access to a toilet. The report also explains open defecation and\nlack of toilet facility as a major cause for stunting, diarrhoea deaths and anaemia mainly among children below five years of age.<\/p>\n<p class=\"text-justify text-secondary\">Following are few government schemes under Ministry of Housing and Urban Poverty Alleviation (MoHUPA)\nfor marginalized poor in India to get financial support to build and own house or build own individual household toilets but very few people have\nawareness on these schemes. Very few of them know about processes and procedures to get access to these schemes. There is a need to create awareness\non these opportunities and empower laymen to get access to financial resources.<\/p>\n\n<h5 class=\"float-left w-100 font-weight-bold pb-4\">Pradhan Mantri Awas Yojana (PMAY)<\/h5>\n<p class=\"text-justify text-secondary\">The Pradhan Mantri Awas Yojana was launched by PM Narendra Modi in 2015. Also known as the Housing for All\nscheme, the mission is to provide shelters to the homeless by 2022. Under the scheme, the Centre would be providing assistance to states and UT to\nprovide homes to every citizen within seven years. The Central government has also announced home loan interest subsidy to those who are buying their\nfirst home in urban areas. Under the scheme, the government will provide interest subsidy of three to four per cent for a home loan amount of up to Rs\n9 lakh and Rs 12 lakh.<\/p>\n\n<h5 class=\"float-left w-100 font-weight-bold pb-4\">Rajiv Awas Yojna<\/h5>\n<p class=\"text-justify text-secondary\">Launched in 2009, the Rajiv Awas Yojana (RAY) envisages a slum-free India and encourages state and union\nterritories (UT) to bring all illegal constructions within a formal system. To increase the affordable housing stock under the scheme, the Centre\nhas approved the Affordable Housing in <br class=\"\">Partnership (AHP) scheme to be part of the RAY. The scheme also provides support of Rs 75,000 per economically-\nweaker sections (EWS), Dwelling Units (DUs) of the size of 21 to 40 sqm. So far, Rs 1,398 crore has been spent while 37,000 houses are being developed\nunder the scheme.<\/p>\n<img decoding=\"async\" class=\"w-100 mb-4 mt-3\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/07\/RajivAwasYojna.jpg\">\n<h5 class=\"float-left w-100 font-weight-bold pb-4\">Pradhan Mantri Gramin Awaas Yojana<\/h5>\n<p class=\"text-justify text-secondary\">Earlier known as Indira Awas Yojna, the scheme focuses on providing pucca houses with basic amenities\nto homeless families. The objective is to build one crore homes of 25 sqm by 2022. The government shares the cost of construction with the state\nin the ratio of 60:40 in plain areas and 90:10 for north eastern and hilly areas. The cost for the unit assistance of Rs 1.2 lakh is also provided\nto the beneficiary.<\/p>\n\n<h5 class=\"float-left w-100 font-weight-bold pb-4\">People who will be benefitted are:<\/h5>\n<div class=\"li-data mb-5\">\n<ol>\n \t<li>Households without shelter<\/li>\n \t<li>Destitute\/living on alms<\/li>\n \t<li>Manual scavengers<\/li>\n \t<li>Tribal groups<\/li>\n \t<li>Legally released bonded labour<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<!--<a href=\"financial-literacy-for-financial-inclusion\" class=\"btn btn-outline-warning float-right mb-4\">Read More<\/a>-->\n<a class=\"btn btn-outline-warning float-right mb-4\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq1\" aria-expanded=\"true\" aria-controls=\"faq1\">Close<\/a>\n\n<\/div>\n<\/div>\n<\/div>\n<!--\n<div class=\"card\">\n<div class=\"card-header bg-transparent\" id=\"faqhead2\">\n<a href=\"#\" class=\"btn btn-header-link collapsed\" data-toggle=\"collapse\" data-target=\"#faq2\" aria-expanded=\"true\" aria-controls=\"faq2\">Housing, sanitation and financial literacy<\/a><\/div>\n<div id=\"faq2\" class=\"collapse\" aria-labelledby=\"faqhead2\" data-parent=\"#faq\">\n<div class=\"card-body\">\n<p class=\"text-justify text-secondary\">\nAccording to the 2011 Census, there were 1.77 million homeless people in India, or 0.15% of the country's total population.\nThere is a shortage of 18.78 million houses in the country (as per 2011 census). Similarly, India, the world\u2019s second-largest country by population,\nhas the highest number of people (732 million) without access to toilets, according to a new report by Water Aid, titled Out Of Order. It further\nstated that 355 million women and girls lack access to a toilet. The report also explains open defecation and lack of toilet facility as a major\ncause for stunting, diarrhoea deaths and anaemia mainly among children below five years of age.<\/p>\n\n<a href=\"housing-sanitation-and-financial-literacy\" class=\"btn btn-outline-warning float-right mb-4\">Read More<\/a><\/div>\n<\/div>\n<\/div>\n-->\n<div class=\"card\">\n<div id=\"faqhead3\" class=\"card-header bg-transparent\"><a class=\"btn btn-header-link collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq3\" aria-expanded=\"true\" aria-controls=\"faq3\"><span>Sanitation scheme for individuals<\/span><\/a><\/div>\n<div id=\"faq3\" class=\"collapse\" aria-labelledby=\"faqhead3\" data-parent=\"#faq\">\n<div class=\"card-body\">\n<div class=\"row\">\n<div class=\"col-sm-12\">\n<h1 class=\"py-3\"><span class=\"b-buttom1\">Sanitation scheme for individuals<\/span><\/h1>\n<p class=\"text-justify  text-secondary\">Ministry of Urban development provides Rs.4000 to construct a toilet with an\nadditional incentive share from state government under Swatch Bharat Mission. Ministry of Drinking Water and Sanitation provides\nRs.12000 as incentive per toilet for construction of individual household latrines. However, individual may need more funds to\nconstruct house or toilets as per his and his family priority or for additional services like water and electric connection,\nwater tank fittings, construction of bathroom, tiles in the toilet, additional room or floor, colour or tiles in the house etc.\nFor this one may seek help for financial assistance from different sources if he has knowledge on it.<\/p>\n\n<h5 class=\"float-left w-100 font-weight-bold pb-4\">What is Financial Inclusion?<\/h5>\n<p class=\"text-justify  text-secondary\">Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections\nof disadvantaged and low-income segments of society. An estimated 2.5 billion working age adults globally have no access to the types of formal financial\nservices delivered by regulated financial institutions.<\/p>\n\n<h5 class=\"float-left w-100 font-weight-bold pb-4\">There are 5 important A\u2019s in Financial Inclusion:<\/h5>\n<div class=\"row\">\n<div class=\"col-sm-12\">\n<div class=\"li-data\">\n<ol>\n \t<li>Awareness<\/li>\n \t<li>Availability<\/li>\n \t<li>Accessibility<\/li>\n \t<li>Affordability<\/li>\n \t<li>Adequacy<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<div class=\"col-sm-12 text-right\"><img decoding=\"async\" class=\"w-100 my-4\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/07\/gfi.jpg\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<!--<a href=\"sanitation-scheme-for-individuals\" class=\"btn btn-outline-warning float-right mb-4\">Read More<\/a>-->\n<a class=\"btn btn-outline-warning float-right mb-4 collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq3\" aria-expanded=\"true\" aria-controls=\"faq3\">Close<\/a>\n\n<\/div>\n<\/div>\n<\/div>\n<div class=\"card\">\n<div id=\"faqhead4\" class=\"card-header bg-transparent\"><a class=\"btn btn-header-link collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq4\" aria-expanded=\"true\" aria-controls=\"faq4\"><span>What is MDI (Monthly Disposable Income)<\/span><\/a><\/div>\n<div id=\"faq4\" class=\"collapse\" aria-labelledby=\"faqhead4\" data-parent=\"#faq\">\n<div class=\"card-body\">\n<div class=\"row\">\n<div class=\"col-sm-12\">\n<h1 class=\"pt-3 pb-3\"><span class=\"b-buttom1\">What is MDI (Monthly Disposable Income)?<\/span><\/h1>\n<p class=\"text-justify  text-secondary\">Disposable income is the amount of net income a household or individual has available to invest, save, or spend\nafter deducting all expenses including income taxes, debts, liabilities, food expense, school fee, transport expenses, rent etc.<\/p>\n<p class=\"text-info text-justify font-weight-bold\">The formula is:<\/p>\n<p class=\" text-justify py-2 font-weight-bold text-center\" style=\"border: 2px solid #00acd7; border-radius: 25px; padding: 0px 15px;\">MDI=Net Family Income- Net Family Expenses<\/p>\n\n<div style=\"float: left; width: 100%;\"><!--\n<p class=\"pl-3 pb-3\" style=\"float:right\">\n<img decoding=\"async\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/05\/income.jpg\"><\/p>\n\n-->\n<p class=\"text-justify text-secondary\"><b>Saving:<\/b><br class=\"\">The surplus money left with us from all sources of income after all the\nexpenses is called savings.<\/p>\n<p class=\"text-secondary text-justify\"><b>Investment:<\/b> <br class=\"\">When we save money and deploy that money in expectation that with time the money will give higher\nreturns is called investment<\/p>\n<p class=\"text-secondary text-justify\"><b>Debt:<\/b><br class=\"\">When our expenses are more than our income them we will have no savings and as a result in times of\nfinancial need we will borrow money from individual or institution, this creates debt<\/p>\n<p class=\"text-secondary text-justify\"><b>WHY to save:<\/b><br class=\"\">look at the picture below, it depicts our life cycle which goes\nthrough various expected and unexpected changes, incidents and events. Every incident or change brings financial burden and one need\nto be prepared to meet such expenses else they will have to borrow money and fall in the trap of debt.<\/p>\n\n<\/div>\n<div class=\"row mb-4 pb-2\">\n<div class=\"col-sm-12\"><img decoding=\"async\" class=\"mt-2\" style=\"width: 100%;\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/07\/life-circle.jpg\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<!--<a href=\"what-is-mdi\" class=\"btn btn-outline-warning float-right mb-4\">Read More<\/a>-->\n<a class=\"btn btn-outline-warning float-right mb-4 collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq4\" aria-expanded=\"true\" aria-controls=\"faq4\">Close<\/a>\n\n<\/div>\n<\/div>\n<\/div>\n<div class=\"card\">\n<div id=\"faqhead5\" class=\"card-header bg-transparent\"><a class=\"btn btn-header-link collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq5\" aria-expanded=\"true\" aria-controls=\"faq5\"><span>How to manage debt<\/span><\/a><\/div>\n<div id=\"faq5\" class=\"collapse\" aria-labelledby=\"faqhead5\" data-parent=\"#faq\">\n<div class=\"card-body\">\n<div class=\"row\">\n<div class=\"col-sm-12\">\n<h1 class=\"pt-3 pb-3\"><span class=\"b-buttom1\">How to manage debt?<\/span><\/h1>\n<p class=\"text-justify text-secondary\">By managing the balance between income and expenses, we can avoid falling in the trap of debts. If we learn not to spend more than our income\nwe can save money and invest in bank or other options for savings. This way, we can get more returns for our money over a period of time or\nwe can use this money at the time financial crisis instead of borrowing with high interest.<\/p>\n<img decoding=\"async\" class=\"mb-4\" style=\"width: 100%;\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/07\/incomes.jpg\" alt=\"comming soon image\">\n<a class=\"btn btn-outline-warning float-right mb-4 collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq5\" aria-expanded=\"true\" aria-controls=\"faq5\">Close<\/a>\n\n<\/div>\n<\/div>\n<!--<a href=\"how-to-manage-debt\" class=\"btn btn-outline-warning float-right mb-4\">Read More<\/a>-->\n\n<\/div>\n<\/div>\n<\/div>\n<div class=\"card\">\n<div id=\"faqhead6\" class=\"card-header bg-transparent\"><a class=\"btn btn-header-link collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq6\" aria-expanded=\"true\" aria-controls=\"faq6\"><span>Financial planning<\/span><\/a><\/div>\n<div id=\"faq6\" class=\"collapse\" aria-labelledby=\"faqhead6\" data-parent=\"#faq\">\n<div class=\"card-body\">\n<div class=\"row\">\n<div class=\"col-sm-12\">\n<h1 class=\"pt-3 pb-3\"><span class=\"b-buttom1\">Financial Planning<\/span><\/h1>\n<p class=\"text-justify text-secondary\">Taking care of income and expense balance carefully is called financial planning. Let\u2019s understand the picture on essential and non-essential expenses.\nThere are expenses which are mandatory like food, cloths, housing , education, marriage, illnesses etc. but there are expenses which can be\ncontrolled like expenses on luxury items like excursions, eating out, parties, liquor or expensive hobbies etc. This way we can save some money\nto meet exigencies or pay debts. It\u2019s like preserving or saving water for family in a pitcher.<\/p>\n<p class=\"text-justify text-secondary\">In financial planning we need to plan and determine family goals and then plan savings as well. For example, you want to save money for\nhigher education of your daughter. In the picture the required amount and available time is calculated to understand necessary daily saving.\nThe same can be calculated for months.<\/p>\n<img decoding=\"async\" class=\"mb-4\" style=\"width: 100%;\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/07\/fd.jpg\" alt=\"comming soon image\">\n\n<!--<img decoding=\"async\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/05\/financial-literacy-2.jpg\" alt=\"comming soon image\" style=\"width:100%;\">\n<h5 class=\"text-center text-danger\">PLUG NON ESSENTIAL EXPENSES INCREASE YOUR SAVINGS<\/h5>\n-->\n\n<\/div>\n<\/div>\n<!--<a href=\"financial-planning\" class=\"btn btn-outline-warning float-right mb-4\">Read More<\/a>-->\n<a class=\"btn btn-outline-warning float-right mb-4 collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq6\" aria-expanded=\"true\" aria-controls=\"faq6\">Close<\/a>\n\n<\/div>\n<\/div>\n<\/div>\n<div class=\"card\">\n<div id=\"faqhead7\" class=\"card-header bg-transparent\"><a class=\"btn btn-header-link collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq7\" aria-expanded=\"true\" aria-controls=\"faq7\"><span>Financial diary<\/span><\/a><\/div>\n<div id=\"faq7\" class=\"collapse\" aria-labelledby=\"faqhead7\" data-parent=\"#faq\">\n<div class=\"card-body\">\n<div class=\"row\">\n<div class=\"col-sm-12\">\n<h1 class=\"pt-3 pb-3\"><span class=\"b-buttom1\">Financial diary<\/span><\/h1>\n<p class=\"text-justify text-secondary pb-4\">After determining the family and personal goals we can also maintain a financial diary to ease financial planning. The Vices can be avoided,\nWants can be reduced and needs to be met but should always be limited.<\/p>\n<img decoding=\"async\" class=\"mb-4 w-100\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/07\/financial_diary.jpg\">\n\n<\/div>\n<\/div>\n<!--<a href=\"financial-diary\" class=\"btn btn-outline-warning float-right mb-4\">Read More<\/a>-->\n<a class=\"btn btn-outline-warning float-right mb-4 collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq7\" aria-expanded=\"true\" aria-controls=\"faq7\">Close<\/a>\n\n<\/div>\n<\/div>\n<\/div>\n<div class=\"card\">\n<div id=\"faqhead8\" class=\"card-header bg-transparent\"><a class=\"btn btn-header-link collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq8\" aria-expanded=\"true\" aria-controls=\"faq8\"><span>Borrowing<\/span><\/a><\/div>\n<div id=\"faq8\" class=\"collapse\" aria-labelledby=\"faqhead8\" data-parent=\"#faq\">\n<div class=\"card-body\">\n<div class=\"row\">\n<div class=\"col-sm-12\">\n<h1 class=\"pt-3 pb-3\"><span class=\"b-buttom1\">Borrowing<\/span><\/h1>\n<p class=\"text-justify text-secondary\">In emergencies when our income is less than our expenses we tend to borrow debt from individuals, institutions and traditional money lenders.\nThe stagnant income doesn\u2019t give us any saving but this debt and associated interest increases burden of loan and repayment. If there is no\nsaving plan and no financial planning, the burden of loan increases day by day,<\/p>\n<img decoding=\"async\" class=\"mb-4 mt-1\" style=\"width: 100%;\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/07\/brows.jpg\" alt=\"comming soon image\">\n<h5 class=\"float-left w-100 font-weight-bold\">Options for Borrowing<\/h5>\n<p class=\"text-justify text-secondary\">Banks are reliable, transparent and safe institutions and one should always opt to borrow from banks only. There are reliable and safe organisations at\nlocal level like SHGs, local NGOs and financial institutions that facilitate lending with banks. Such organisations not only help to get linked with\nbank but also provide required guidance and education so that you and money is always safe.<\/p>\n\n<h5 class=\"float-left w-100 font-weight-bold pb-4\">Borrwing for new houses, home improvement and sanitation facility<\/h5>\n<p class=\"text-justify text-secondary pb-4\">HFH India provides loan to construct new houses, improve existing houses and to construct toilet facilities, construct bathroom, construct water\nstoring options etc. HFH India also helps to create linkages with banks and financial institutions to get loans. HFH India also has financial\neducation facility for beneficiaries to understand loan, banking, functional literacy for micro financing etc.<\/p>\n\n<\/div>\n<\/div>\n<!--<a href=\"borrowing\" class=\"btn btn-outline-warning float-right mb-4\">Read More<\/a>-->\n<a class=\"btn btn-outline-warning float-right mb-4 collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq8\" aria-expanded=\"true\" aria-controls=\"faq8\">Close<\/a>\n\n<\/div>\n<\/div>\n<\/div>\n<div class=\"card\">\n<div id=\"faqhead9\" class=\"card-header bg-transparent\"><a class=\"btn btn-header-link collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq9\" aria-expanded=\"true\" aria-controls=\"faq9\"><span>Checklist for bebeficiaries \/ end users<\/span><\/a><\/div>\n<div id=\"faq9\" class=\"collapse\" aria-labelledby=\"faqhead9\" data-parent=\"#faq\">\n<div class=\"card-body\">\n<div class=\"row\">\n<div class=\"col-sm-12\">\n<h1 class=\"pt-3 pb-3\"><span class=\"b-buttom1\">Checklist for beneficiaries\/end users: To understand housing\/sanitation need<\/span><\/h1>\n<h5 class=\"font-weight-bold mb-4 mt-2 float-left w-100\">One needs to answer few questions before deciding on investing on housing or sanitation\ninfrastructure:<\/h5>\n<p class=\"text-justify text-secondary mb-0\"><b>Understanding need for sanitation\/housing:<\/b><\/p>\n<p class=\"text-justify text-secondary\">understand the need of your investment or saving? Owning a house is matter of social security,\ndignity and pride, similarly having own sanitation unit is a matter of privacy, dignity and well- being for the whole family especially\nwomen of family. Homeownership can offer many advantages including tax benefits, financial security and pride to own a house. However analyse\nif you really need to buy house or you are happy with rented house.<\/p>\n<p class=\"text-justify text-secondary\"><b>Analysing affordability for Housing\/construction for sanitation:<\/b> Analyse all your liabilities and expenses along with income sources.\nCan you afford monthly instalment with the rent you pay and you have sufficient savings possibilities. Are there options for you to increase\nfamily income to afford monthly instalment for long time. How stable is your monthly income and how that can be increased with supplement income\nor savings.<\/p>\n<p class=\"text-justify text-secondary\"><b>Incremental construction or progressive housing \/Building in stages:<\/b> You need to plan for construction as per Family\u2019s available disposable\nincome deducting all debts, liabilities, expenses and taxes. You can also plan for incremental construction or construction in stages, for which\nHFH India construction team can be contacted. The construction plan has to be thoughtful, technically sound and fit to budget and therefore,\nconsultation of field expert is important.<\/p>\n<p class=\"text-justify text-secondary\"><b>Analysing Credit abilities:<\/b> Try to understand your credit abilities, some banks and financial institutions do it free of cost. This will\nalso help you to determine down payment for house buying or loan amount.<\/p>\n\n<h1 class=\"pt-3 pb-5\"><span class=\"b-buttom\">Tool for beneficiries to reach financial goal for sanitation\/housing<\/span><\/h1>\n<h5 class=\"font-weight-bold mb-4 mt-2 float-left w-100\">There could be 10 steps to reach financial goals by client or beneficiaries:<\/h5>\n<div class=\"li-data\">\n<ol>\n \t<li>\n<p class=\"text-justify text-secondary mb-0\"><b>Set financial priorities:<\/b><\/p>\n<p class=\"text-justify text-secondary mb-0\">Take a while and understand your life style and spending pattern. Analyse what affects your spending and\nfinancial decisions and what are actual life\/ family priorities.<\/p>\n<\/li>\n \t<li>\n<p class=\"text-justify text-secondary mb-0\"><b>Get organised:<\/b><\/p>\n<p class=\"text-justify text-secondary mb-0\">Keep a track on your financial\ninvestments and savings along with daily check on income and expense. Keep a file for all financial documents like bank statement,\ncredit card information, investment information, insurance policies, will papers etc., which is\naccessible, fire proof and safely secured. Some documents can be kept in safe deposit box at a bank for more safety like ,\nbirth certificate, death certificate, marriage license, divorce papers, copies of will etc.<\/p>\n<\/li>\n \t<li>\n<p class=\"text-justify text-secondary mb-0\"><b>Track your money:<\/b><\/p>\n<p class=\"text-justify text-secondary mb-0\">Control your financial\nsituations and expenses. Manage your bank, credit card expenses statements with actuals on a notebook.<\/p>\n<\/li>\n \t<li>\n<p class=\"text-justify text-secondary mb-0\"><b>Shop smarter:<\/b><\/p>\n\n<div class=\"row\">\n<div class=\"col-sm-12\">\n<div class=\"li-data\">\n<ul style=\"font-style: italic;\">\n \t<li>Make list of shopping trips and stick to needy items to avoid impulse purchases.<\/li>\n \t<li>Use cash for purchase instead of credit or debit cards and buy only for cash you have<\/li>\n \t<li>Buy from generic store brands at supermarkets.<\/li>\n \t<li>Compare prices and look for sales and off season bargains<\/li>\n \t<li>Buy in bulks, it saves money but don\u2019t buy more than you realistically use<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div><\/li>\n \t<li>\n<p class=\"text-justify text-secondary mb-0\"><b>Review and reduce your debt:<\/b><\/p>\n<p class=\"text-justify text-secondary\">Total consumer debt should be less than 20 percent of your net income. Consumer debt includes credit card payments,\ncar loans, student loans and any other debts that you repay monthly, and does not include money spent on a mortgage, rent, utilities or taxes.\nUse these calculations to assess your debt load.<\/p>\n\n<div class=\"row\">\n<div class=\"col-xl-3 col-lg-3 col-md-4 col-sm-12 order-last\"><img decoding=\"async\" class=\"img-thumbnail w-100\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/07\/inr.jpg\"><\/div>\n<div class=\"col-xl-9 col-lg-9 col-md-8 col-sm-12\">\n<div class=\"li-data\">\n<ul style=\"font-style: italic;\">\n \t<li>My yearly net income after taxes and deductions is Rs\u2026\u2026\u2026\u2026\u2026\u2026.<\/li>\n \t<li>My monthly net income is Rs\u2026\u2026\u2026\u2026\u2026\u2026.(yearly income divided by 12).<\/li>\n \t<li>According to the 20 percent guideline, the amount of consumer debt per month that I should not exceed is\nRs\u2026\u2026\u2026\u2026\u2026\u2026\u2026.(Monthly income x 0.20).<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<img decoding=\"async\" class=\"w-100 my-4\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/07\/checklist.jpg\">\n<ul style=\"font-style: italic;\">\n \t<li>Create a get-out-of-debt plan. Calculate how long it might take you to pay off your debt.<\/li>\n \t<li>Cut expenses. Try to identify a few things you could stop buying or buy less often.<\/li>\n \t<li>Get a second job\/income source. Try to increase income. Is it possible to get a second job or overtime?<\/li>\n \t<li>Prioritize debts. Pay off the highest interest rate debts first and move funds to the next when paid off.<\/li>\n \t<li>Shift higher-interest loans to a single lower-interest loan.<\/li>\n \t<li>Stop running up new charges.<\/li>\n \t<li>Keep only one or two major credit cards and consider having the limits lowered.<\/li>\n \t<li>Set your goal. Each month, I can afford to pay around Rs. For my consumer debt.<\/li>\n<\/ul>\n<\/li>\n \t<li>\n<p class=\"text-justify text-secondary mb-0\"><b>Build a strong Credit Report:<\/b><\/p>\n<p class=\"text-justify text-secondary mb-0\">Your credit report is a record of how you\u2019ve paid your debts in the past. It shows the current amount of\ndebt you have, and how much debt you\u2019ve repaid.<\/p>\n<\/li>\n \t<li>\n<p class=\"text-justify text-secondary mb-0\"><b>Save for your future:<\/b><\/p>\n<p class=\"text-justify text-secondary mb-0\">Saving money is not easy, but it is essential to achieving financial well-being and securing your future. One of the best and\neasiest ways to save money and start a strong retirement income planning program is to pay yourself first. Every time you receive a pay check,\nsave a certain percentage of your income before spending money on anything else. You may choose to have your bank automatically transfer a\ncertain amount of money from your account to your savings each month.<\/p>\n<p class=\"text-justify text-secondary\"><b> The Time Value of Money:<\/b> The earlier we start saving, the more interest can be earned<\/p>\n<p class=\"text-justify text-secondary\"><b>Saving Versus Investing:<\/b> Investing carefully is more lucrative and earns profit than only saving. Invest only in registered entities.<\/p>\n<p class=\"text-justify text-secondary mb-0\"><b>Saving for an Emergency:<\/b> Emergency fund should be saved to meet exigency situations may be to cover basic living expenses for three to six months.<\/p>\n<\/li>\n \t<li>\n<p class=\"text-justify text-secondary mb-0\"><b>Set Financial Goals:<\/b><\/p>\n<p class=\"text-justify text-secondary mb-0\"><b>Set Long term, medium term and short term financial goals:<\/b> Try to set SMART goals.\nThese are goals that are Specific, Measurable, Achievable, Realistic and Time-Bound. Make sure you prioritize your goals. Which ones are\nthe most important to you? Work toward achieving these goals first.<\/p>\n<\/li>\n \t<li>\n<p class=\"text-justify text-secondary mb-0\"><b>Create a spending Plan:<\/b><\/p>\n<p class=\"text-justify text-secondary\">Putting your financial goals in writing can make them more concrete and achievable. However, it\u2019s easy for everyday\npurchases and obligations to get in the way of saving for the future. One of the best ways to make\nsure your daily spending habits don\u2019t overwhelm your life goals is to create a spending plan.<\/p>\n<p class=\"text-justify text-secondary mb-0\">A spending plan is not meant to be a strict\nbudget. Instead, it\u2019s a guide that will help you take control of your financial future and, ultimately, reach your goals.<\/p>\n<\/li>\n \t<li>\n<p class=\"text-justify text-secondary mb-0\"><b>Invest money to reach your goals:<\/b><\/p>\n<p class=\"text-justify text-secondary \">Once you\u2019ve identified your financial goals and established a spending plan, you know\nwhat you\u2019re saving for and how much you\u2019ll need to get there. For longer-term objectives, investing is one of the best ways to watch your\nmoney grow.<\/p>\n<p class=\"text-justify text-secondary\">When you invest, you put money aside for long-term goals such as retirement or a child\u2019s education. The easiest way to do this is by\nhaving money automatically deducted from your bank account or paycheck and put into the investment vehicle of your choice.<\/p>\n<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div>\n<!--<a href=\"checklist-for-bebeficiaries-end-users\" class=\"btn btn-outline-warning float-right mb-4\">Read More<\/a>-->\n<a class=\"btn btn-outline-warning float-right mb-4 collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq9\" aria-expanded=\"true\" aria-controls=\"faq9\">Close<\/a>\n\n<\/div>\n<\/div>\n<\/div>\n<div class=\"card\">\n<div id=\"faqhead10\" class=\"card-header bg-transparent\"><a class=\"btn btn-header-link collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq10\" aria-expanded=\"true\" aria-controls=\"faq10\"><span>PMAY (Pradhan Mantriawas Yojna) and CLASS (Credit Link Subsidy Scheme)<\/span><\/a><\/div>\n<div id=\"faq10\" class=\"collapse\" aria-labelledby=\"faqhead10\" data-parent=\"#faq\">\n<div class=\"card-body\">\n<div class=\"row\">\n<div class=\"col-sm-12\">\n<h1 class=\"pt-3 pb-3\"><span class=\"b-buttom1\">Pradhan Mantri Awas Yojana (PMAY)<\/span><\/h1>\n<div class=\"float-left w-100\"><!--\n<p class=\"pl-3 mb-30 img-p\" style=\"float:right\">\n<img decoding=\"async\" class=\"img-p\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/06\/pmay.jpg\"><\/p>\n\n-->\n<p class=\"text-justify text-secondary\">The Pradhan Mantri Awas Yojana was launched by PM Narendra Modi in 2015. Also known as the Housing for All\nscheme, the mission is to provide shelters to the homeless by 2022. Under the scheme, the Centre would be providing assistance to states and UT to\nprovide homes to every citizen within seven years. The Central government has also announced home loan interest subsidy to those who are buying their\nfirst home in urban areas. Under the scheme, the government will provide interest subsidy of three to four per cent for a home loan amount of up to Rs\n9 lakh and Rs 12 lakh.<\/p>\n<!--\n<p class=\"text-justify text-secondary\">The Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (CLSS) - \u2018Housing for All\u2019 is a home loan\nscheme launched by our honourable Prime Minister Shri Narendra Modi. The scheme envisions 'Housing for All\u2019 by the year 2022. It benefits people\nbelonging to the Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income Group-I (MIG-I), and Middle Income Group-II (MIG-II) of\nsociety. Beneficiaries availing this scheme are eligible to avail interest subsidy on the purchase or construction of a house or the enhancement of\ndwelling unit.<\/p>\n\n-->\n\n<!--\n<h5 class=\"float-left w-100 font-weight-bold pb-4\">Pradhan Mantri Awas Yojana (PMAY)<\/h5>\n<p class=\"text-justify text-secondary\">\nThe Pradhan Mantri Awas Yojana was launched by PM Narendra Modi in 2015. Also known as the Housing for All\nscheme, the mission is to provide shelters to the homeless by 2022. Under the scheme, the Centre would be providing assistance to states and UT to\nprovide homes to every citizen within seven years. The Central government has also announced home loan interest subsidy to those who are buying their\nfirst home in urban areas. Under the scheme, the government will provide interest subsidy of three to four per cent for a home loan amount of up to Rs\n9 lakh and Rs 12 lakh.<\/p>\n\n-->\n\n<\/div>\n<h5 class=\"float-left w-100 text-info mb-3 font-weight-bold\">Eligibility:<\/h5>\n<p class=\"text-justify text-secondary\">People belonging to the Economically Weaker Section (EWS), Low Income Group (LIG), Middle\nIncome Group-I (MIG-I) and Middle Income Group-II (MIG-II) are eligible for this scheme.\nAge of the applicant must be 70 years or less\nIncome range of the applicant must be below Rs. 3 lakhs per annum for economically weaker sections and between Rs. 3 \u2013 6 lakhs\nper annum for lower income groups\nWomen who are citizens of India are eligible<\/p>\n\n<h5 class=\"float-left w-100 text-info mb-3 font-weight-bold\">Beneficiary:<\/h5>\n<div class=\"li-data mb-4\">\n<ul>\n \t<li style=\"list-style-type: none;\">\n<ul>\n \t<li>They must meet the income requirement of the scheme.<\/li>\n \t<li>The beneficiary family should not already own a \u2018pucca\u2019 house anywhere in India under their own name.<\/li>\n \t<li>The beneficiary family should not have already availed any other central assistance under any housing scheme from the\nGovernment of India or benefit under any scheme in Pradhan Mantri Awas Yojana (PMAY).<\/li>\n \t<li>The beneficiary family shall comprise of husband, wife and unmarried children. However, under the MIG category, an adult\nearning member irrespective of his\/her marital status can also be treated as a separate household.<\/li>\n \t<li>For married couples, either spouse or both of them together in joint ownership can be eligible for a single subsidy.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<!--\n \t<li><b>Exception:<\/b> An adult earning member (irrespective of marital status) can be treated as a separate household \u2014 which means a bachelor\navailing a loan can also avail subsidy if he\/she is buying property in his\/her name.<\/li>\n-->\n\n<\/div>\n<h5 class=\"float-left w-100 text-info mb-3 font-weight-bold\">Exception:<\/h5>\n<p class=\"text-justify text-secondary\">An adult earning member (irrespective of marital status) can be treated as a\nseparate household \u2013 which means a bachelor availing a loan can also avail subsidy if he\/she is buying property in his\/her name.<\/p>\n\n<h5 class=\"float-left w-100 text-info mb-3 font-weight-bold\">Coverage:<\/h5>\n<p class=\"text-justify text-secondary pb-3\">All Statutory Towns as per Census 2011 and towns notified subsequently will be eligible for\ncoverage under the Scheme.<\/p>\n\n<\/div>\n<\/div>\n<!--<a href=\"pmay\" class=\"btn btn-outline-warning float-right mb-4\">Read More<\/a>-->\n<a class=\"btn btn-outline-warning float-right mb-4 collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq10\" aria-expanded=\"true\" aria-controls=\"faq10\">Close<\/a>\n\n<\/div>\n<\/div>\n<\/div>\n<div class=\"card\">\n<div id=\"faqhead11\" class=\"card-header bg-transparent\"><a class=\"btn btn-header-link collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq11\" aria-expanded=\"true\" aria-controls=\"faq11\"><span>How to apply<\/span><\/a><\/div>\n<div id=\"faq11\" class=\"collapse\" aria-labelledby=\"faqhead11\" data-parent=\"#faq\">\n<div class=\"card-body\">\n<div class=\"row\">\n<div class=\"col-sm-12\">\n<h1 class=\"pt-3 pb-3\"><span class=\"b-buttom1\">How to apply?<\/span><\/h1>\n<div class=\"float-left w-100 mb-2\"><!--\n<p class=\"pl-3 mb-30 img-p\" style=\"float:right\">\n<img decoding=\"async\" class=\"img-p\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/06\/hta.jpg\"><\/p>\n\n-->\n<p class=\"text-justify text-secondary \">The borrower can apply for the Housing Loans and CLSS subsidy through the PLIs\n(Prime Lending Institutions, banks etc.). This institutions\/banks perform due diligence and check the fulfilment of the eligibility\ncriteria for the scheme, then the required criteria are satisfied they submit the borrowers claim to Central Nodal Agency (CNA).\nThe CNA processes the claim and releases the subsidy amount through that institute\/bank. The institute\/bank adjust the same by\ncrediting to the borrower\u2019s Loan account resulting in reduced loan outstanding and the effective EMI.<\/p>\n\n<\/div>\n<\/div>\n<div class=\"col-sm-12\">\n<h3 class=\"text-info mb-3 font-weight-bold\">Key features<\/h3>\n<div class=\"row\"><!--\n<div class=\"col-xl-5 col-lg-5 col-md-6 col-sm-12 order-last mb-30\">\n<img decoding=\"async\" class=\"img-thumbnail\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/06\/key-feature.jpg\"><\/div>\n-->\n<div class=\"col-sm-12\">\n<div class=\"li-data mb-3\">\n<ul>\n \t<li>Interest subsidy of 6.50%* p.a. up to a loan amount of D6 lakh for 20 years or the actual term, whichever is lower, credited upfront<\/li>\n \t<li>Actual subsidy amount credited is as approved by the National Housing Bank (NHB)<\/li>\n \t<li>Family means husband\/wife\/unmarried children<\/li>\n \t<li>Applicable for customers who are purchasing\/constructing their first home. The beneficiary family should not own any other house in their name.<\/li>\n \t<li>The carpet area should not exceed 30 sq. mt. for EWS (annual household income up to Rs. 3 lakh PA), 60 sq. mt. for LIG\n(annual household income between Rs. 3 lakh to Rs. 6 lakh PA), 120 sq. mt. for MIG-I (annual household income between Rs. 6 lakh to Rs. 12 lakh PA),\nand 150 sq. mt. for MIG-II (annual household income between Rs. 12 lakh to Rs. 18 lakh PA)<\/li>\n \t<li>The construction\/extension must be completed within 36 months<\/li>\n \t<li>A woman has to be owner\/co-owner of the property<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<img decoding=\"async\" class=\"w-100 mb-4\" src=\"http:\/\/cdp.habitatindia.net\/\/wp-content\/uploads\/2021\/07\/apply-bnn.jpg\">\n\n<\/div>\n<\/div>\n<\/div>\n<!--<a href=\"how-to-apply\" class=\"btn btn-outline-warning float-right mb-4\">Read More<\/a>-->\n<a class=\"btn btn-outline-warning float-right mb-4 collapsed\" href=\"#\" data-toggle=\"collapse\" data-target=\"#faq11\" aria-expanded=\"true\" aria-controls=\"faq11\">Close<\/a>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"What is Financial Literacy? Financial literacy is the ability to use skills and knowledge to take effective and informed money-management decisions. For India, financial literacy and awareness on financial opportunities is vital to promote financial inclusion and ultimately financial stability. The Objectives of Financial Literacy: To inculcate habits of savings To help people in financial [&hellip;]","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-291","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/cdp.habitatindia.net\/ml\/wp-json\/wp\/v2\/pages\/291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cdp.habitatindia.net\/ml\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cdp.habitatindia.net\/ml\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cdp.habitatindia.net\/ml\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cdp.habitatindia.net\/ml\/wp-json\/wp\/v2\/comments?post=291"}],"version-history":[{"count":145,"href":"https:\/\/cdp.habitatindia.net\/ml\/wp-json\/wp\/v2\/pages\/291\/revisions"}],"predecessor-version":[{"id":3980,"href":"https:\/\/cdp.habitatindia.net\/ml\/wp-json\/wp\/v2\/pages\/291\/revisions\/3980"}],"wp:attachment":[{"href":"https:\/\/cdp.habitatindia.net\/ml\/wp-json\/wp\/v2\/media?parent=291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}