Housing Shortage In Urban India At 24 71 Million Dwelling Units
The Government of India is currently implementing various new schemes for providing affordable housing to India’s urban poor. A new scheme – Interest Subsidy Scheme for Housing the Urban Poor (ISHUP) has been launched for providing interest subsidy on housing urban poor to make the housing affordable and within the repaying capacity of Economically Weaker Sections (EWS)/ Low Income Group (LIG). The scheme encourages poor sections to avail of loan facilities through Commercial Banks/Housing Finance Companies for the purposes of construction/acquisition of houses and avails a 5% subsidy in interest payment for loans up to Rs....