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LOW
COST HOUSING
RGVN has been in the "development" sector
for more than a decade. RGVN's aim has always been to
improve the quality of life of the poor - "food",
"clothing" and "shelter", a prerequisite
to it. The NGO Support Program and the Credit and Savings
Program has been able to cater to the first two requirements
of a better quality of life. Rural development not only
encompasses livelihood promotion but an overall improvement
in the living conditions of the poor ….. , and
"shelter" is one of the important development
indicators.
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Realizing the importance of shelter needs, RGVN took
the initiative of collaborating with HDFC during the
year 1997-98 for implementing the Low Cost Housing Program
inspite of a long term nature of the loan and risk involved
- as the NGOs especially in the Northeast were nascent
and not used to handling "large" credit. Towards
Low Cost Housing Program in Northeast and Bihar,
RGVN has disbursed an amount of Rs 117.86 lakh for construction
of 375 houses at an interest of 9% per annum. The
Low Cost Housing Program in Orissa was undertaken
during October 2000, subsequent to the super cyclone
in Orissa. RGVN has disbursed 175 lakhs for construction
of 500 houses in Orissa.
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