A primary goal of this budget was to provide affordable homes. However, is this budget moving in that direction? Vishal Raheja, the founder of InvestoXprt, and Vivek Mittal, the research head at Jagran Business, are joining us to talk about this.
According to the Finance Minister's announcement, 80 lakh residences for PM Awas Yojana recipients would be finished in 2022–2023. For this, $48,000,000,000 has been set aside. According to the budget, the federal government would partner with state governments to develop affordable housing in urban areas for members of the middle class and economically disadvantaged groups. The people who purchased inexpensive homes received gifts from the finance minister. A year was added to the tax-exempt period for new homes up to 60 square meters in size. The government provided a one-and-a-half lakh rupee (1 lakh) national government subsidy and a one lakh rupee (1 lakh) state government subsidy to buy a low-cost property.