Government has proposed to set up a Mission on Low Cost Affordable Housing to be anchored in the National Housing Bank. Consider the following statements:
Which of the statement(s) given above is/are correct?
Government has proposed to set up a Mission on Low Cost Affordable Housing to be anchored in the National Housing Bank. Consider the following statements:
Which of the statement(s) given above is/are correct?
The correct option is C Both of these
NHB has been established to harness and promote the market potentials to serve the housing needs of all segments of the population with the focus on low and moderate income housing .
Extra Information
Government is committed to endeavour to have Housing for All by 2022 by extending additional tax incentive on home loans to encourage people, especially the young, to own houses. In the General Budget 2014-15 that a sum of Rs 4,000 crore has been earmarked for National Housing Bank with a view to increase the flow of cheaper credit for affordable housing to the urban poor/EWS/LIG segment. The Government has already outlined some other incentives such as easier flow of FDI in this sector and is willing to examine other positive suggestions. He also informed the inclusion of slum development in the list of Corporate Social Responsibility (CSR) activities to encourage the private sector to contribute more towards this activity.
Both of these
NHB has been established to harness and promote the market potentials to serve the housing needs of all segments of the population with the focus on low and moderate income housing .
Extra Information
Government is committed to endeavour to have Housing for All by 2022 by extending additional tax incentive on home loans to encourage people, especially the young, to own houses. In the General Budget 2014-15 that a sum of Rs 4,000 crore has been earmarked for National Housing Bank with a view to increase the flow of cheaper credit for affordable housing to the urban poor/EWS/LIG segment. The Government has already outlined some other incentives such as easier flow of FDI in this sector and is willing to examine other positive suggestions. He also informed the inclusion of slum development in the list of Corporate Social Responsibility (CSR) activities to encourage the private sector to contribute more towards this activity.
