 "affordable housing")
The government is planning a new affordable housing scheme for households in urban areas, akin to the credit-linked subsidy of the Pradhan Mantri Awas Yojana–Urban (PMAY-U), announced in 2015, three people aware of the development told Business Standard.
The scheme aims to extend subsidies for dwelling units in low- and middle-income households in urban centres and their catchment areas.
Officials involved in the discussions said the new scheme might be announced before the Lok Sabha elections, expected in April-May.
The Ministry of Housing and Urban Affairs (MoHUA) held several meetings with top lenders to draw up the contours of the proposed credit-linked subsidy
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