Home / Ministries / Finance / Government’s housing scheme can boost GDP by Rs 15 lakh crore

Government’s housing scheme can boost GDP by Rs 15 lakh crore

News:

  • Centre’s housing for all project is expected to give the economy a Rs 15-trillion boost over the next 7 years, but its success will depend on ramping up existing urban infrastructure.
  • The plan is expected to increase employment opportunities and help grow the services sector and the economic impact will be felt at state level.
  • Funding the sizeable investment through public-private partnerships and ramping up the supply of raw materials for construction, namely steel and cement, were cited as ‘big challenges’ for the execution of the scheme.
  • The Modi Government’s ambitious scheme, aimed at providing 20 million houses in three phases over FY16-FY22, has a Central grant component going to the states, while and Central assistance is likely to go directly to households.

Source: ET

Check Also

Varishtha Pension Bima Yojana: 8% Assured returns for senior citizens

The Varishtha Pension Bima Yojana 2017, a pension scheme for senior citizens, was approved by ...

Leave a Reply

Your email address will not be published. Required fields are marked *