Budget: Government may make big announcements for low-income groups in housing scheme

The upcoming budget may bear good tidings for the low-income group.

Reports suggest that the Modi government may boost its 'housing for all' vision by going big on announcements for the low-income group in this year's budget.

The Prime Minister Housing Scheme, also known as the Pradhan Mantri Awas Yojna, may introduce more options to cater to the low-income group, lure them and make housing more affordable.

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Interest subsidy under the scheme can be extended. People with an annual income of 6 lakh may now get bigger houses by 60 meters.

The Pradhan Mantri Awas Yojna has not been able to garner enough demand from the low-income group owing to smaller sizes of the houses offered under the scheme.