India News | Budget Proposes Interest Subsidy Scheme to Facilitate Loans for Urban Housing Segment
Get latest articles and stories on India at LatestLY. The government on Tuesday proposed a central assistance of Rs 2.2 lakh crore for urban housing over the next five years as well as an interest subsidy scheme to facilitate loans at affordable rates for urban housing works.
New Delhi, Jul 23 (PTI) The government on Tuesday proposed a central assistance of Rs 2.2 lakh crore for urban housing over the next five years as well as an interest subsidy scheme to facilitate loans at affordable rates for urban housing works.
The announcements were made by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25.
She also said the government will put in place measures for an efficient and transparent rental housing market with enhanced availability.
Among others, the minister has proposed transit-oriented development plans for large cities having a population of over 30 lakh and a scheme to support the development of 100 weekly haats in five years.
Also, the government will develop digital public infra applications in seven areas, including those related to credit and MSME service delivery.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)