The Union Minister of Housing and Urban Poverty Alleviation (HUPA) Ajay Maken has said that the ongoing housing scheme in urban slums, Rajiv Awas Yojana (RAY) was implemented under pilot phase during the Eleventh Five Year Plan period. With the experience gained during the pilot phase, revised scheme of RAY is being worked out for implementation during Twelfth Five Year Plan period.
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Maken’s plea to RBI to revamp affordable housing loans
Ajay Maken, the Union Minister of Housing and Poverty Alleviation has made an appeal to the Reserve Bank of India (RBI) for restructuring of loans for affordable housing in case the project is delayed due to extraneous reasons beyond the control of the developer. The Union Finance Minister P Chidambaram has also joined Maken to make the appeal to the RBI.
Maken’s plea to RBI to revamp affordable housing loans
Ajay Maken, the Union Minister of Housing and Poverty Alleviation has made an appeal to the Reserve Bank of India (RBI) for restructuring of loans for affordable housing in case the project is delayed due to extraneous reasons beyond the control of the developer. The Union Finance Minister P Chidambaram has also joined Maken to make the appeal to the RBI.