Centre To Launch Scheme For Affordable Homes For Migrants, Urban Poor, Announces FM
Centre To Launch Scheme For Affordable Homes For Migrants, Urban Poor, Announces FMPrime Minister Narendra Modi with Finance Minister Nirmala Sitharaman.

Union Finance Minister Nirmala Sitharaman on Thursday (14 May) announced the centre will launch a scheme under the Pradhan Mantri Awas Yojana (PMAY) for migrant labour and the urban poor to build affordable rental housing facilities for them.

Speaking to the media, she said that under the scheme, government-funded housing in different cities will be converted into affordable rental housing complexes under the public-private partnership mode.

Further, the government will also incentivise manufacturing units, industries, institutions, associations to develop affordable rental housing complexes on their private land and operate them.

The Centre will also incentivise state agencies and central government organisations on the similar lines to develop affordable rental housing complexes and operate them.

The government will issue detailed guidelines to give effect to the decision, Sitharaman said.

The announcement is part of the Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi on Tuesday.

(With inputs from IANS)

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber