IFC HDFC green housing fund: The IFC has invested US$150 million in HDFC Capital’s US$1 billion H-DREAM Fund to build 25,000 green-certified affordable homes in India, tackling the 18 million unit urban housing shortage. IFC & HDFC Capital Launch $1 Billion Green Affordable Housing Fund in India Heading: IFC Anchors $150M Commitment to H-DREAM Fund…
Mamata Banerjee Launches Banglar Bari Housing Initiative West Bengal Chief Minister Mamata Banerjee has launched the Banglar Bari Housing Initiative, a new scheme aimed at providing housing to the economically weaker sections of the state. The initiative focuses on offering subsidized homes to low-income families who lack permanent shelter or reside in inadequate housing conditions….
Celebrating Awaas Diwas 2024: 8th Anniversary of Pradhan Mantri Awas Yojana – Gramin (PMAY-G) The 8th anniversary of the Pradhan Mantri Awas Yojana – Gramin (PMAY-G) was celebrated on Awaas Diwas 2024, a landmark event for the rural housing sector. Launched in 2016, PMAY-G aims to provide affordable housing for the rural poor, focusing on…
ADB and AHFL Partner to Expand Housing Loans for Low-Income Women Introduction In a significant move to enhance financial inclusion and empower low-income women, the Asian Development Bank (ADB) has joined hands with Aavas Housing Finance Limited (AHFL) to expand housing loans. This collaboration is set to make homeownership more accessible and affordable for women…
Government Announces 3 Crore Additional Homes Under PMAY The Indian government has announced an ambitious plan to provide 3 crore additional homes under the Pradhan Mantri Awas Yojana (PMAY). This initiative is set to address the housing needs of millions of Indians, especially those from economically weaker sections and low-income groups. The announcement marks a…
Pradhan Mantri Awas Yojana (PMAY): A Comprehensive Overview The Pradhan Mantri Awas Yojana (PMAY) is a flagship affordable housing scheme initiated by the Government of India with the aim of providing “Housing for All” by the year 2022. Launched in 2015, the scheme has been instrumental in addressing the housing needs of the economically weaker…
Key Highlights from India’s Union Budget 2024-25 In conclusion, the Union Budget for 2024-25 stands as a testament to a decade of progress, focusing on key sectors, inclusive development, and economic resilience, positioning India for a prosperous future. Some Important Current Affairs Links
Telangana to Unveil Gruha Jyothi Scheme in February Telangana, with its commitment to social welfare, is set to launch the Gruha Jyothi Scheme in February. This initiative aims to provide affordable housing solutions to the citizens of the state. As students gearing up for government exams, understanding the socio-economic policies of the state becomes pivotal….
Bank of Baroda to Raise ₹10,000 Crore to Fund Affordable Housing Infrastructure Bank of Baroda (BoB) is set to raise a whopping ₹10,000 crores to support the development of affordable housing infrastructure. In this article, we will explore the significance of this decision, delve into the historical context, and provide five key takeaways for students…
Telangana Launched “Gruha Lakshmi” Scheme 2023 – Benefits and Online Application In a significant move towards women empowerment and housing support, the Telangana government has recently introduced the “Gruha Lakshmi” Scheme in 2023. This visionary initiative aims to provide financial assistance and empower women in the state by facilitating affordable housing opportunities. Aspirants preparing for…
