FM steps to boost housing sector

FM steps to boost housing sector

FM steps to boost housing sector
September 14
15:55 2019

Finance Minister Nirmala Sitharaman on Saturday announced a special window of Rs.10,000 crore to boost affordable and middle-income housing at low interests.
The announcement came as part of a third instalment to boost the economy and halt the slowdown.The window will provide “last mile funding” for eligible housing projects which are net worth positive.
As part of the new scheme Projects that are 60% complete will get last mile funding through special windowInterest on housing building advance will be lowered.Special window to provide last mile funding for housing projects that are non-NPA and not under NCLT.
She also announced a slew of measures to boost exports, including a new scheme for reimbursement of taxes paid, called the Remission of Duties or Taxes on Export Product (RoDTEP) to earn revenue of Rs.50,000 crore.

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