Furthermore, it approved the proposal to hand over 500 newly built shops to the allottees in Ayodhya in easy interest-free installments of 20 years.
Now that it has been approved, the ADA will send the proposal to the Uttar Pradesh government.
Ayodhya divisional commissioner Gaurav Dayal, who chaired the board meeting, said, "We have approved a proposal to reduce the cost of shops by 30 per cent. Also, the shops will be handed over to the allottees in a easy term of 20 years without interest."
Dayal is also the chairman of the Ayodhya Development Authority.
These traders were displaced in the 13-km road widening project from Sahadatganj to Naya Ghat, which has been named Ram Path. The project was completed in December 2023.
Previously, merchants had to pay the full amount to the ADA to take possession of the stores.
As these shops cost between Rs 15 and Rs 20 lakh, the traders could not pay the amount. The only option before them was to apply for bank loans.
In December last year, these stores were ready. But due to financial constraints, till last month only about 75 traders took possession of their shops.
"We are grateful to the state government for reducing the cost of shops by 30 per cent. And the remaining amount will be paid in easy interest-free installments for 20 years," said Ved Prakash Gupta, BJP member from Ayodhya (Sadar). ) Assembly Constituency.
In the recently concluded parliamentary elections, the BJP suffered one of its most humiliating defeats in the Faizabad Lok Sabha constituency, where its two-time MP Lallu Singh lost to Awadesh Prasad of the Samajwadi Party.
The INDIA block candidate won the prestigious seat by a margin of 54,567 votes.
After the grand inauguration of the Ram Mandir in Ayodhya by Prime Minister Narendra Modi on January 22 this year, the people of Faizabad voted for the first time and rejected the BJP.
State BJP chief Bhupendra Chaudhary was in Ayodhya on a two-day visit from Wednesday to ascertain the reasons behind the party's defeat in the temple town.
Now that it has been approved, the ADA will send the proposal to the Uttar Pradesh government.
Ayodhya divisional commissioner Gaurav Dayal, who chaired the board meeting, said, "We have approved a proposal to reduce the cost of shops by 30 per cent. Also, the shops will be handed over to the allottees in a easy term of 20 years without interest."
Dayal is also the chairman of the Ayodhya Development Authority.
These traders were displaced in the 13-km road widening project from Sahadatganj to Naya Ghat, which has been named Ram Path. The project was completed in December 2023.
Previously, merchants had to pay the full amount to the ADA to take possession of the stores.
As these shops cost between Rs 15 and Rs 20 lakh, the traders could not pay the amount. The only option before them was to apply for bank loans.
In December last year, these stores were ready. But due to financial constraints, till last month only about 75 traders took possession of their shops.
"We are grateful to the state government for reducing the cost of shops by 30 per cent. And the remaining amount will be paid in easy interest-free installments for 20 years," said Ved Prakash Gupta, BJP member from Ayodhya (Sadar). ) Assembly Constituency.
In the recently concluded parliamentary elections, the BJP suffered one of its most humiliating defeats in the Faizabad Lok Sabha constituency, where its two-time MP Lallu Singh lost to Awadesh Prasad of the Samajwadi Party.
The INDIA block candidate won the prestigious seat by a margin of 54,567 votes.
After the grand inauguration of the Ram Mandir in Ayodhya by Prime Minister Narendra Modi on January 22 this year, the people of Faizabad voted for the first time and rejected the BJP.
State BJP chief Bhupendra Chaudhary was in Ayodhya on a two-day visit from Wednesday to ascertain the reasons behind the party's defeat in the temple town.
