Middle income group Current Affairs, GK & News

NITI Aayog: India will transform in to a middle-income country in 2030

The NITI Aayog recently announced that India will recover from the COVID-19 crisis by April 2021. Also, NITI Aayog has said that India will transform into a lower middle-income country to a middle-income country by 2030. Highlights According to NITI Aayog, it is unfair to compare India’s dealing of COVID-19 crisis with western countries. Gross ..

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Loan subsidy for middle-income group under PMAY extended till March 2020

The Minister for Housing and Urban Affairs Hardeep Singh Puri has said that the loan subsidy for the middle-income group under Pradhan Mantri Awas Yojana, (PMAY) has been extended till 31st March 2020. The Minister said that more than Rs 6900 cr interest subsidy on housing loans has been disbursed to over 3.14 lakh beneficiaries of ..

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What is Affordable Housing?

Affordable housing caters to housing needs of the specific section of people in the society who fall in the lower or middle-income groups. It is an important governance issue in developing nations where a huge chunk of the population lives below poverty line, are devoid of basic housing facilities and are not able to buy ..

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