The Finance Minister announced that the Centre is planning to launch a new housing scheme for the middle class, which will provide financial assistance for construction or purchase of houses. He said that the scheme will be part of the upcoming budget and will aim to boost the demand for housing and create employment opportunities in the sector.
According to the Finance Minister, the new scheme will offer subsidies and tax incentives for the middle class to buy or build their own houses. He said that the scheme will also encourage the use of eco-friendly and energy-efficient materials and technologies in the construction industry. He added that the scheme will be implemented in collaboration with the state governments and the private sector.
The Finance Minister said that the new housing scheme is a response to the aspirations of the middle class, who have been facing difficulties in owning a house due to high prices and lack of affordable options. He said that the scheme will also help in addressing the housing shortage and the problem of slums in the country. He said that the scheme will be aligned with the Prime Minister’s vision of ‘Housing for All by 2022’.
The Finance Minister said that the details of the new housing scheme will be revealed in the budget speech, which is expected to be presented in the Parliament on February 10. He said that the scheme will be one of the key initiatives of the government to revive the economy and support the recovery from the Covid-19 pandemic. He said that the scheme will also contribute to the social and environmental welfare of the country.
