BAJAJ BROKING
₹ 10 lakh crore outlay for affordable housing for 1 Cr urban poor and middle class. Indian Union Budget's initiatives include developing cities as growth hubs, including transit development in large cities, urban housing schemes, water supply and sanitation projects, support for street vendors, and incentives for women homebuyers.
The Indian Union Budget places a significant emphasis on developing cities as major growth hubs, focusing on economic transit planning and innovative town planning schemes. These measures are aimed at transforming urban landscapes into vibrant, sustainable, and inclusive spaces that can drive the nation's economic growth.
The government is committed to creating a robust framework of policies and regulations to facilitate brownfield development. This initiative will streamline redevelopment processes, making it easier to revitalise existing urban areas and enhance their economic potential.
In a bid to improve urban infrastructure, 14 large cities will benefit from comprehensive transit development plans. These plans will focus on enhancing public transportation systems, reducing congestion, and promoting sustainable urban mobility, thereby improving the quality of life for residents.
The budget introduces ambitious plans for urban housing under the Pradhan Mantri Awas Yojana (PMAY), targeting the urban poor and middle class. With an investment of ₹10 lakh crore and central assistance of ₹2.2 lakh crore over five years, the scheme aims to provide affordable housing to 1 crore families. Additionally, the provision of subsidy-based loans is planned to make homeownership more accessible.
To address urban water supply and sanitation challenges, the government will partner with state governments and banks to implement sewage and waste management projects in 100 cities. These initiatives are designed to ensure clean and sustainable urban environments, improving public health and living conditions.
The PM Swanidhi scheme, aimed at supporting street vendors, will continue to operate annually, fostering the development of 100 weekly haats (markets) in select cities. This scheme provides financial assistance and promotes the growth of informal markets, supporting the livelihoods of street vendors and enhancing the local economy.
In an effort to promote gender equality in property ownership, states are being requested to moderate stamp duties and offer lower rates for properties purchased by women. This measure aims to empower women financially and encourage greater female participation in the real estate market.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Share Market Today | Gift Nifty Signals 100-Point Gap Down, Nifty to Consolidate
06 Sep, 2024 | 4 Min. read
KEC International Secures ₹1,423 Cr Transmission Line Order in Saudi Arabia
06 Sep, 2024 | 1 Min. read
Ashoka Buildcon’s Viva Highways Monetises Pune Land for ₹453 Crore
06 Sep, 2024 | 2 Min. read
Peak Partners To Sell 11% Stake in Indigo Paints via Block Deal
06 Sep, 2024 | 2 Min. read
US Initial Jobless Claims Drop to 227,000 in August.
06 Sep, 2024 | 1 Min. read
Commodities Market Today | WTI Crude Steady at $69.18, Gold Rises 0.8% to $2,546
06 Sep, 2024 | 1 Min. read
Gold Rate Today | Gold Rises 0.8% to $2,546, Silver Gains 2% to $29.14
06 Sep, 2024 | 2 Min. read
Vodafone Idea Share Price Falls 11% After Goldman Sachs Report
06 Sep, 2024 | 1 Min. read
Suzlon Energy Share Price Rises After Corporate Office Sale
06 Sep, 2024 | 1 Min. read
Why is the Stock Market Down Today? Key Factors Explained
06 Sep, 2024 | 1 Min. read
Sona BLW Precision Forgings Plans ₹2,400 Crore QIP at ₹675-700 per Share
05 Sep, 2024 | 1 Min. read
Commodities Market Today | Crude Oil Drops, Brent Hits Low; Gold and Silver Rise
05 Sep, 2024 | 1 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading