Minister for Housing Ch. Ranganatha Raju has said that 9.48 lakh people have availed themselves of the benefits of One-Time Settlement (OTS) scheme introduced by the Government of Andhra Pradesh as part of which the outstanding housing loans are being be waived off on payment of a nominal amount.
The patta ensures a ‘freehold title’ for the house in which the beneficiary is living. The amount collected from the scheme is ₹338.18 crore, the Minister said while replying to a question raised by TDP MLA K. Atchannaidu during the Assembly session on Monday.
Mr. Ranganatha Raju said that beneficiaries of various housing schemes, despite being in possession of the properties, were yet to have ‘absolute right’ over the house site.
