If a house is lost in rural areas, a constructed house shall be provided as per the Indira Awas Yojana specifications. If any affected family in rural areas so prefers, the equivalent cost of the house may be offered in lieu of the constructed house.

If a house is lost in urban areas, not less than 50 sq mts in plint area a constructed house shall be given. If any such family in urban areas opts not take the house offered, may get one lakh fifty thousand rupees as a one-time financial assistance.

Both (a) & (b) are partially correct statement