2, March, 2024
HomeIndiaEmpowering the Middle Class: India's Ambitious Housing Scheme Unveiled in Budget 2024

Empowering the Middle Class: India’s Ambitious Housing Scheme Unveiled in Budget 2024

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In a significant announcement during the presentation of the interim budget, Finance Minister Nirmala Sitharaman unveiled a groundbreaking housing scheme tailored for the middle class.

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The Modi government is set to launch this initiative, allowing individuals to either purchase or construct their own homes.

Emphasizing the government’s commitment to sustainable development and enhanced productivity, Sitharaman outlined an economic approach that aims to create a conducive environment for growth.

A notable highlight of the budget includes the promotion of rooftop solarisation, a move geared towards providing free electricity to one crore households, covering up to 300 units per month. This initiative is expected to result in substantial annual savings ranging from Rs 15,000 to Rs 18,000 for households.

Additionally, the finance minister addressed the need for improved healthcare infrastructure by announcing the establishment of more medical colleges, utilizing the existing hospital facilities. This strategic move aims to bolster the healthcare sector and meet the growing demands for medical education.

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With a focus on empowering the middle class and fostering sustainable development, Budget 2024 sets the stage for transformative changes in India’s housing and energy sectors, while also addressing crucial healthcare needs.

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