Union Budget 2024 | Budget proposes interest subsidy scheme to facilitate loans for urban housing segment

New Delhi: 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.

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Also, the government will develop digital public infra applications in seven areas, including those related to credit and MSME service delivery.

Union Budget 2024 LIVE | Making a record for any Finance Minister, Nirmala Sitharaman will be presenting her 7th Union Budget on July 23, 2024 under the Modi 3.0 government. While inflation has burnt a hole in the pockets of 'aam janata', will this Budget spell relief for Indians? Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.