LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

PMO to review affordable housing programme with private builders

Modi, in his national address on New Year's eve, had also said 33 per cent more homes will be built for the poor under this scheme in rural areas.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
PMO to review affordable housing programme with private builders
CREDAI is likely to make presentation on how to accelerate affordable housing projects in the country. Photo: IANS
Written By: PTI
Updated: Fri, Apr 07, 2017
08:45 pm
New Delhi, IANS
RELATED NEWS
Vinod Rai writes to Finance Minister, PMO on bad loans, suggests roadmap Vinod Rai writes to Finance Minister, PMO on bad loans, suggests roadmap

The Prime Minister's office has called a meeting tomorrow to review the government's affordable housing programme as it targets to achieve 'Housing for All' by 2022.

The PMO has called realtors' body CREDAI and NAREDCO to understand the problems faced by the developers in launching affordable housing projects, sources said.

CREDAI is likely to make presentation on how to accelerate affordable housing projects in the country and to enable home buyers to encash the subsidy benefits under the Pradhan Mantri Awaas Yojana, they added.

About two months back, Minister for Urban Development and Housing and Urban Poverty Alleviation M Venkaiah Naidu had said he was "disappointed" that not a single proposal had come from the private builders for the affordable housing projects.

He had said that reasons for this needed to be found out. The government, in a bid to give a boost to the real estate sector, had accorded infrastructure status to the affordable housing segment in this year's budget.

On December 31, Prime Minister Narendra Modi had announced interest subsidy of up to 4 per cent on loans taken in the new year under the Pradhan Mantri Awaas Yojana.

Modi, in his national address on New Year's eve, had also said 33 per cent more homes will be built for the poor under this scheme in rural areas.

Besides, in urban areas housing loans of up to Rs 9 lakh and up to Rs 12 lakh will receive interest subsidy of 4 per cent and 3 per cent respectively, while in rural areas loans up to Rs 2 lakh will get an interest subvention of 3 per cent.

"Even so many years after independence, millions of poor do not have their own home. When black money increased in our economy, houses became out of reach of even the middle class. 

The government has taken some major decisions to ensure homes for the poor, the neo middle class and the middle class," Modi had said.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Prime Minister OfficePMOAffordable HousingNarendra Modiaffordable housing projectsM Venkaiah NaiduCREDAIHousing for all by 2022NAREDCOEconomy
RELATED NEWS
Vinod Rai writes to Finance Minister, PMO on bad loans, suggests roadmap Vinod Rai writes to Finance Minister, PMO on bad loans, suggests roadmap

LATEST NEWS

Cipla is the TOP gainer on Nifty today; expert pegs price target between Rs 950-Rs 1000 going forward

Gold Price Today 12-04-2021: Weekly investment strategy on Gold, Silver - Outlook remains STRONG - BUY bullion at these levels

USD vs INR: Indian Rupee at 9-month low against US dollar - Expert decode the impact

CBSE Board Exam 2021: Students, do not miss this latest news! Will CBSE CANCEL class 10 class 12 board exams? Check UPDATES here

Karnataka College and University Exam News Today: Deputy CM said THIS regarding exams in colleges and universities in the state - check all details here

This Maruti Suzuki Alto record finally broken! This is the car that dethroned it

Anil Singhvi’s Strategy April 12: Day support zone on Nifty is 14,675-14,700 & Bank Nifty is 32,000-32,150

TIMEX FIT launched, priced at Rs 6995; packs telemedicine feature

CBSE Class 10, 12 exams 2021 cancel request: BIG Assurance comes from CBSE; This is what Board says now

Remdesivir export ban due to Covid 19 spike: This is what Modi government told domestic manufacturers

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved