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Empowering the Middle Class: Nirmala Sitharaman Reveals Innovative Housing Scheme in Budget 2024

Finance Minister Nirmala Sitharaman, in the Budget 2024 announcement, revealed plans for a groundbreaking housing initiative targeting the middle class. The scheme aims to empower those in rented or slum dwellings to own their homes. Additionally, Sitharaman set a goal of providing 2 crore more houses under the rural housing scheme.

Empowering the Middle Class: Nirmala Sitharaman Reveals Innovative Housing Scheme in Budget 2024 Image Source -www.economictimes.indiatimes.com

Finance Minister Nirmala Sitharaman made a significant revelation during the Budget 2024 announcement, focusing on a transformative housing initiative for the middle class. In her pre-election speech before the Lok Sabha elections of 2024, Sitharaman detailed a comprehensive plan to introduce various housing schemes, emphasizing support for slum dwellers and individuals living on rent.

"Our government is committed to launching a housing scheme that will benefit deserving sections of the middle class, including those residing in rented houses, slums, chawls, and unauthorized colonies. This initiative will enable them to purchase or build their own houses," Sitharaman declared passionately during her budget speech.

Also Read: Budget 2024 Unveiled: Finance Minister Explores 'Panchamrit' Goals And Their Significance

The Finance Minister also laid out an ambitious target of providing an additional 2 crore houses under the Pradhan Mantri Awas Yojna - Gramin, supplementing the ongoing efforts to achieve the existing goal of 3 crore houses under the rural housing scheme. Sitharaman expressed confidence in nearing the 3 crore target soon, with the vision of constructing an additional 2 crore houses over the next five years.

A notable aspect of the Budget 2024 presentation was the adoption of a paperless format. Sitharaman, known for her forward-looking approach, utilized a digital tablet enclosed in a traditional 'bahi-khata' style pouch. This blend of modern technology with cultural symbolism underlines the government's commitment to innovation in governance.

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Arijit Dutta

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