In September 2020, the Reserve Bank of India (RBI) refused permission to Maharashtra’s state and district central co-operative banks (DCCBs) to finance self-redevelopment of co-operative housing societies, stating that such projects would fall under the category of ‘commercial real estate,’ and hence, outside the banks’ primary purview of lending for activities related to agriculture and rural development. For the Maharashtra government, which was banking on support from the state’s co-operative banking ecosystem, this is as a huge blow to a scheme it had presented late last year as the solution to the state’s, and more specifically, Mumbai’s housing crisis. Meanwhile,…
Read moreWe do this for *YOU*
You and every citizen frustrated by potholed roads, air pollution, garbage—in short our broken cities.
Citizen Matters is India’s leading Civic Media Platform. We dig into the “why” and “how” behind issues plaguing our cities and neighbourhoods—and spotlight solutions. But we go further. We focus on citizens driving change and their strategies and bring you a playbook for better cities.
Through Citizen Matters, Open City and other initiatives, we centre the demand for better cities and empower citizens to drive change.
We need your support to continue this work. Your contribution is critical for our survival.
Donate now