The Centre on Thursday announced the launch of a scheme to provide homes to migrant labour/urban poor at affordable rent, and extended the interest subsidy scheme for middle-income families till March 2021 to boost housing demand.
The extension of the CLSS (Credit Linked Subsidy Scheme) will benefit 2.5 lakh middle-income families during this fiscal year and will lead to an investment of over Rs 70,000 crore in the housing sector, besides job creation.
Announcing the decisions, Finance Minister Nirmala Sitharaman said "the government will launch a new scheme under the Pradhan Mantri Awas Yojana (PMAY) for migrant labour/urban poor to provide ease of living at an affordable rent." Mi
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