Saturday, 4 July 2020

Govt announces affordable rental accommodation for migrants 

Updated: May 15, 2020 10:33 am

Finance Minister Nirmala Sitharaman unveils second set of relief measures under Aatma-Nirbhar Bharat Abhiyan. For migrants and the urban poor, government announced affordable rental accommodation.

Government funded housing in cities will be converted into Affordable Rental Housing Complexes under the Pradhan Mantri Awas Yojana, while both Government and Private bodies will be incentivized to develop Affordable Rental Housing Complexes on their land.

Under the MUDRA scheme, small businesses will be revamped through the 1,500 crore rupees interest subvention scheme. Government will also provide interest subvention of two per cent for the next 12 months for beneficiaries of the MUDRA-Shishu loan Yojana.

Benefitting the street vendors, special credit facility of five thousand crore rupees have been announced. The decision aimed at benefitting over 50 lakh street vendors will also provide an initial working capital of up to 10 thousand rupees to the vendors.

Ms Sitharaman informed that Government is committed to spur employment creation across the country. In it’s this endeavor, Funds from the Compensatory Afforestation Fund Management and Planning Authority (CAMPA) have been channelized to generate employment in the tribal areas of the country. The Minister informed that, proposals worth six thousand crore rupees to help generate employment for tribals for afforestation and plantation related works is already under pipeline.

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