The Union Budget 2024-25 includes a ₹10 lakh crores investment to address the housing needs of 1 crores urban poor and middle-class families, announced the Finance Minister.
The Union Finance Minister Nirmala Sitharaman presented the full – budget 2024 today before the parliament at 11 am.
Finance Minister Nirmala Sitharaman highlighted nine key priorities for the government, which include productivity and resilience in agriculture, employment and skilling, inclusive human resource development and social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development, and next-generation reforms.
Finance Minister Nirmala Sitharaman says: Urban Housing: Under the PM Awas Yojana-Urban 2.0, the housing needs of 1 crore poor and middle-class families will be addressed with an investment of Rs 10 lakh crores.
The Union Minister stated that three crore additional houses under the PM Awas Yojana in rural and urban areas in the country have been announced for which necessary allocations are being made in the Budget. She further said that under the PM Awas Yojana Urban 2.0, housing needs of 1 crore urban poor and middle-class families will be addressed with an investment of ₹ 10 lakh crore. This will include central assistance of ₹ 2.2 lakh crore in the next 5 years. A provision of interest subsidy to facilitate loans at affordable rates is also envisaged, she added
Notably, Investment of `10 lakh crore, including the central assistance of `2.2 lakh crore in next 5 years, under PM Awas Yojana Urban 2.0 proposed to address the housing needs of 1 crore urban poor and middle-class families.
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