Budget 2024: Interest Subsidy for Urban Housing Loans
By Rediff Money Desk, New Delhi Jul 23, 2024 11:55
India's Union Budget 2024-25 proposes a Rs 2.2 lakh crore urban housing scheme with interest subsidies on loans and a focus on rental housing market development.
![Budget 2024: Interest Subsidy for Urban Housing Loans](https://im.rediff.com/business/2012/nov/27housing1.jpg)
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 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.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.89 (+ 4.71)
- 286679870
- Vodafone Idea L
- 15.09 ( -5.03)
- 78701895
- NCL Research
- 0.95 (+ 4.40)
- 24814305
- Khoobsurat
- 1.63 (+ 4.49)
- 24090194
- Suzlon Energy Ltd.
- 57.82 (+ 4.99)
- 22844558
MORE NEWS
![BHEL, NTPC Shares...](https://im.rediff.com/80-80/money/2023/jun/16ntpc.jpg)
BHEL, NTPC Shares Surge on Budget JV Announcement
Shares of BHEL and NTPC climbed over 3% after Finance Minister Nirmala Sitharaman...
![Gold Futures...](https://im.rediff.com/80-80/money/2018/oct/25gold.jpg)
Gold Futures Plunge 5% After STT Hike
Gold prices tumbled 5% in futures trading after India hiked the securities transaction...
Aviation & Shipping MRO Incentives Announced by...
India's government boosts maintenance, repair, and overhaul (MRO) activities in...