Prime Minister Narendra Modi on August 15 announced a new scheme to help urban poor build houses in cities. Under this programme, they would receive relief in interest rates and loans taken from banks to construct their houses.
Addressing the nation from the ramparts of the Red Fort on the occasion of the 77th Independence Day, Mr. Modi said that weaker sections who live in cities face a lot of problems.
“Middle-class families are dreaming of buying their own houses. We are coming up with a new scheme in the coming years that will benefit those families that live in cities but are living in rented houses, or slums, or chawls and unauthorised colonies.”
