Govt to hike rural housing subsidies to $6.5 bn after poll setback: Report

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Govt to hike rural housing subsidies to $6.5 bn after poll setback: Report - Business Standard

Quick Summary:

Under the PM Awas Yojna(Rural) housing scheme, the government aims to facilitate construction of an additional 20 million houses over the next few years, after providing aid for more than 26 million homes for poor households over the past eight years.

Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) is having to rely on allies to run the government for the first time in a decade, after the opposition did much better than expected in a bitterly fought national election that ended last month.

Last month, shortly after assuming office, Modi's cabinet announced plans to assist in the construction of 30 million houses in rural and urban areas, without disclosing financial details.