Union Finance Minister Nirmala Sitharaman on Tuesday proposed an allocation of Rs 2.2 lakh crore for urban housing, along with a Rs 10 lakh crore interest subsidy scheme in the flagship Pradhan Mantri Awas Yojana (PMAY) scheme.
This will give further impetus to the government’s programme to provide affordable housing.
“Housing needs of one crore urban poor and middle-class families to be addressed with an investment of Rs 10 lakh crore, including the Central assistance of Rs 2.2 lakh crore over the next five years,” FM Sitharaman said in her Budget Speech in Parliament.