Budget 2024-25 Allocates Funds to Construct 1 Crore Houses in Cities: Manohar Lal

New Delhi: Union minister Manohar Lal on Wednesday hailed the FY25 Budget as people-centric, saying the central government has taken care of every section of society, especially women and farmers.

The Union housing and urban affairs minister said in the Budget presented by Finance Minister Nirmala Sitharaman a day earlier, there is also a provision to fund one crore houses in cities while talking to reporters.

Budget Focused on Infrastructure, Say Manohar 

"In the Union Budget, several schemes have been announced for the welfare of every section of society. The Budget has also focused on infrastructure. The allocation has been made for the construction of one crore houses," Manohar said.

On Tuesday, the government announced central assistance of Rs 2.2 lakh crore over the next five years to meet the housing requirement of one crore urban poor and middle-class families under the Pradhan Mantri Awas Yojana-Urban and proposed interest subsidy to provide loans at affordable rates.

Who Benefits Under PM Awas Yojana Urban 2.0?

According to the government, under the PM Awas Yojana Urban 2.0, the housing needs of one crore urban poor and middle-class families will be addressed with an investment of Rs 10 lakh crore.

Talking about budgetary allocation for cities, the minister said in the Budget, the government has made provision for several projects for holistic development of urban areas.

He said the government has also announced a transit-oriented development plan for 14 large cities with a population of over 30 lakh in its Budget for 2024-25. 

(With inputs from PTI)