ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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On Differential Rates of Interest-Rejoinder

ciously brought in, the pressure will be strong to divide the cake so as to suit the preferences of those in power (politicians, civil servants and professionals included) and not to meet the social needs of the times. The pattern of allocation of the financial and physical resources among the different housing schemes in our States lends modest support to this hypothesis.9 An analysis of their housing programmes would show that one-third to one-half of the funds have been spent on schemes that benefit the "middle class" segment of the population. Is this justified by the relative size of this group in our total population or by the social needs of the times? The vast majority of our people are not in a position even to take advantage of the housing schemes provided for the so-called low income group. In the present context, the development of house sites for the landless and slum clearance for the urban poor should be the priority activities in the field of housing. The "Approach to the Fifth Plan" is entirely right in giving special attention to these programmes, The allocations for the low income and middle income groups should not be out of proportion to the relative importance of these groups in the total population.

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