A Union Housing and Urban Affairs Ministry representative did not react to ask for remark and information of the statement.
Prime Minister Narendra Modi Tuesday said the federal government would launch a brand-new plan to help those residing in leased homes in cities to build their own houses.
In his Independence Day speech from the ramparts of the Red Fort, PM Modi said: “The weaker sections living in the cities face a lot of problems. Middle-class families are dreaming of buying their own houses. We are coming up with a new scheme in the coming years that will benefit those families that live in cities but are living in rented houses, slums, chawls, and unauthorised colonies. If they want to build their own houses, we will assist them with relief in interest rates and loans from banks that will help them save lakhs of rupees.”
Most Read
Gadar 2 ticket office collection Day 7: Sunny Deol movie crosses Rs 300 crore mark in India, to delight in 2nd effective weekend
Priyanka Chopra takes out of her New York restaurant Sona, star’s group says the business a ‘proud and significant moment in her career’
A Union Housing and Urban Affairs Ministry representative did not react to ask for remark and information of the statement.
You have actually tired your
month-to-month limitation of totally free stories.
To continue reading,
merely sign up or check in
🌟 Unlock More with an Express Digital Subscription! 🌟 Dive much deeper into the stories that matter. Now available at a special, limited-time cost.
This premium post is totally free in the meantime.
Register to find out more totally free stories and gain access to deals from partners.
🌟 Unlock More with an Express Digital Subscription! 🌟 Dive much deeper into the stories that matter. Now available at a special, limited-time cost.
This material is unique for our customers.
Subscribe now to get unrestricted access to The Indian Express unique and exceptional stories.
The Ministry is executing the Pradhan Mantri Awas Yojana (Urban), which was released in 2015. Three of the 4 verticals of the plan – beneficiary-led building and construction, inexpensive housing in collaboration, and in-situ run-down neighborhood redevelopment – have actually been extended till December 31, 2024. The 4th vertical – credit-linked aid plan – in which recipients were offered an interest aid on home loans was not extended beyond March 31, 2022.
As of Monday, the PMAY-U website of the Ministry revealed 1.18 crore homes had actually been approved and 76.25 lakh of them finished. Of the expense of Rs 1.42 lakh crore up until now, Rs 58,868 crore was for the interest aid under CLSS, with most of the quantity (Rs 45,984 crore) being for Economically Weaker Section (EWS) and Low Income Group (LIG) homes.
© The Indian Express (P) Ltd
First released on: 15-08-2023 at 17:21 IST
