Meeting on affordable housing scheme

The Prime Minister’s Office (PMO) has called a meeting in New Delhi on Saturday to review the government’s affordable housing programme.

The government has set a target to achieve ‘Housing for All’ by 2022. To give a boost to the real estate sector, the government has accorded infrastructure status to the affordable housing segment in this year’s budget.

In December last year, Prime Minister Narendra Modi had announced interest subsidy of up to four per cent on loans taken in the New Year under the Pradhan Mantri Awaas Yojana. Modi had also said 33 per cent more homes will be built for the poor under this scheme in rural areas.

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