National

Housing subsidy scheme for heart-revenue households prolonged until March 2021

NEW DELHI: Finance minister

Nirmala Sitharman

on Thursday announced a Rs 70,000-crore enhance to

housing

sector by extending the subsidy scheme for affordable housing for the center revenue neighborhood.

The credit-linked subsidy scheme for the center revenue neighborhood with an annual revenue of Rs 6 lakh to Rs 18 lakh became operationalised from Could maybe merely 2017 and prolonged up to March 2020.

She acknowledged the scheme is being prolonged by 365 days to inspire 2.5 lakh heart revenue households.

She also announced a Rs 5,000-crore particular credit facility for aspect road vendors by providing them with working capital of up to Rs 10,000, she acknowledged adding this would possibly well toughen 50 lakh aspect road vendors.

For farmers, she announced a Rs 30,000-crore additional emergency working capital funding thru the

National Monetary institution for Agriculture

and Rural Pattern (NABARD).

NABARD will prolong additional refinance toughen of Rs 30,000 crore for cut loan requirement of rural co-op banks and regional rural banks.

This, she acknowledged, would inspire 3 crore farmers, largely dinky and marginal.

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