Union Finance Minister Nirmala Sitharaman on Saturday announced a third set of government decisions to revive the economy, including a ₹50,000 crore export incentive scheme and a ₹10,000 crore special window to provide last mile funding for unfinished housing projects.
The decisions, announced by the Minister at a press conference on Saturday, follow two previous mega announcements designed to encourage private sector investment, and bring further stability into the banking system through several public sector bank mergers.
The third set of announcements focussed on giving a fillip to exports, which contracted 6.05% in August, and easing the plight of home buyers.
Last-mile funding
For the housing sector, the most notable decision was the setting up of a special fund that would provide last mile funding for housing projects that are not categorised as non-performing assets and are not undergoing National Company Law Tribunal proceedings.
Diese Geschichte stammt aus der September 15, 2019-Ausgabe von The Hindu.
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