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I-Day credit scheme for poor set to be rolled out

The Indian government is set to launch a ₹60,000 crore-urban housing credit scheme to help low-income citizens own their own homes, as announced by Prime Minister Narendra Modi on Independence Day. The scheme, which will provide affordable credit for poor and middle-class housing, is expected to be launched soon and will offer interest subvention of 3-7% to eligible applicants. This new scheme will be separate from the existing Pradhan Mantri Awas Yojana-Urban (PMAY-U). The move is also expected to boost the domestic economy and benefit the Bharatiya Janata Party (BJP) in upcoming elections. | Latest News India ....

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