Published 12:55 IST, July 23rd 2024
FM Sitharaman Announces Transit-Oriented Development Plan for Large Cities in Union Budget
The government on Tuesday proposed a transit-oriented development plan for 14 large cities with a population of over 30 lakh.
Advertisement
New Delhi: The government on Tuesday proposed a transit-oriented development plan for 14 large cities with a population of over 30 lakh. The announcements were made by Finance Minister Nirmala Sitharaman in Union Budget 2024-25.
Presenting the Budget in the Lok Sabha, she said the government will formulate a framework for the creative redevelopment of cities.
Advertisement
The minister also announced Central assistance of Rs 2.2 lakh crore for urban housing over the next five years as well as an interest subsidy scheme to facilitate loans at affordable rates for urban housing works.
She said the Central government will put in place measures for an efficient and transparent rental housing market with enhanced availability.
Advertisement
The minister proposed a scheme to support the development of 100 weekly haats or street food hubs in select cities.
(Except for the headline, this story has not been edited by Republic and is published from a syndicated feed.)
Advertisement
12:55 IST, July 23rd 2024