The scheme is likely to be rolled out in the next financial year. Urban local bodies of smart cities will distribute these rent vouchers which will help the poor migrant population.
Any such tenant can give this rent voucher to the landowner who in turn can redeem them at any citizen service bureau.
If the rent is higher than the value of rent voucher, the tenant would pay the difference in cash to the landowner, reported The Economic Times.
The government is also planning to use the option of Direct Benefit Transfer (DBT) for the voucher scheme.
According to Census 2011, about 27.5% of urban residents lived in rented houses in 2011.
|Get a chance to meet who's who of Smart Cities ecosystem in India including key policymakers from Central and State Governments. Join us at Smart Livable & Resilient City Conclave, Pune on 29-30 June, 2018 to explore business opportunities. Like and connect with us on Facebook, Linkedin and Twitter.|