NDA government aiming to provide house for all
The ‘Pradhan Mantri Jan Dhan Yojna’, to be launched on August 28, will provide a vital missing link in achieving the objective of “housing for all” by enhancing the access of urban poor to cheap credit through the formal banking system, a senior official said here.
The government should play a role of enabler and facilitator and ensure that private sector is enthused to take up affordable housing projects. NDA government aims to provide housing for all by 2022 with the active support from banking and financial sector as said by G S Sandhu who is the Secretary, Department of Financial Services while addressing a seminar on Credit Flow to Affordable Housing and Interest Subvention organised by the Ministry of Housing and Urban Poverty Alleviation here.
He said the banking sector, as a whole, had competing demands for loans from other sectors of the economy and hence extending credit to individual urban poor with small-ticket loans may not sometimes be their priority.
This role that has been taken up by the NDA government is sure to help the class with no house. The housing projects have already started its work through the different parts of the country.
Source: The Economic Times
Affordable housing projects, department of financial services, G S Sandhu, Ministry of Housing and Urban Poverty Alleviation, NDA government, Pradhan Mantri Jan Dhan Yojna
