Budget highlights urban development Finance Minister Nirmala Sitharaman's Budget 2024-2025, presented on July 23rd, highlighted urban development among nine priorities. The Pradhan Mantri Awas Yojana-Urban 2.0 central assistance of Rs 2.2 lakh crore over five years aimed to build one crore additional houses, she said. She also agreed to give an interest subsidy to loans at affordable rates, enable policies and regulations for efficient and transparent rental housing markets with enhanced availability. The PMAY-U will come to an end on December 31st, for which a provision of Rs. 30,170.61 crore has been made. She said the government would work with…
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