ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Changes in Credit-linked Subsidy

Housing for the Urban Poor?

Recent modifications in the credit linked subsidy scheme—an important vertical under the Pradhan Mantri Awas Yojana (Urban)—have raised the income limits for eligibility of loans, increased the amount of subsidised loans, relaxed norms with regard to built-up area, and importantly, have included the middle-income group, diluting its core agenda of being “pro-poor.” While this would boost the housing sector, there is risk that subsidies will be cornered by real estate developers, private builders, and the urban middle class. The planners must view this development with concern.



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