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Union Budget 2017: PMAY’s allocation increases to Rs 23,000 crore

Presenting the budget for 2017-18 in the Lok Sabha, Finance Minister Arun Jaitley on Wednesday increased the allocation for Pradhan Mantri Awas Yojana (PMAY) Gramin to Rs 23,000 crore for the next fiscal.

Union Budget 2017: PMAY’s allocation increases to Rs 23,000 crore
Budget also recognises the role of entrepreneurship and the need to foster innovation. The start-up eco-system will leapfrog with easier flow of capital and tax benefits.

Presenting the budget for 2017-18 in the Lok Sabha, Finance Minister Arun Jaitley on Wednesday increased the allocation for Pradhan Mantri Awas Yojana (PMAY) Gramin to Rs 23,000 crore for the next fiscal.

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Jaitley had allocated Rs 15,000 crore for the PMAY in the last year’s budget. “We propose to complete one crore houses by 2019 for those living in kachha houses,” he said. Affordable housing projects will be given infrastructure status to avail benefits.

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First published on: 01-02-2017 at 12:59 IST