Niti recommends 40% VGF to build housing for manufacturing workforce
Business Standard|December 20, 2024
Niti Aayog on Thursday released a report suggesting a host of measures, including viability gap funding (VGF) of up to 40 per cent of the total project cost — excluding land — for the Centre's ambitious scheme to build mega housing projects near manufacturing plants where industrial workers could rent a room for as low as ₹3,000.
DHRUVAKSH SAHA
Niti recommends 40% VGF to build housing for manufacturing workforce

Union Finance Minister Nirmala Sitharaman had in her budget speech for the financial year 2025 announced rental housing with dormitory-type accommodation for industrial workers on a public private partnership (PPP) mode.

"The Prime Minister mentioned at the chief secretaries' conference a few days ago that industrial housing in cities is as important as normal housing, without which our cities will not have a presentable face. We will be taking steps in this direction," Niti Aayog Chief Executive Officer BVR Subrahmanyam said on Thursday.

This story is from the December 20, 2024 edition of Business Standard.

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This story is from the December 20, 2024 edition of Business Standard.

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