Small Scale Industry
Investment in Industry
Develop North East
Estimates for 1998
Assistance to States
Non Plan Expenditure
23. The National Agenda, identifies housing as a
priority area. We will purposefully to tackle the country's enormous housing shortage
problem through partnership between government, housing finance institutions and the
20 lakh additional dwelling units will be built this year with 13 lakhs in rural areas and
7 lakhs in urban areas.
The budget allocation for the Indira Awas Yojana Programme is being substantially enhanced
to Rs.1600 crore, from Rs.1144 crore in RE 1997-98. The scope of this scheme is also being
widened to include a loan-cum-subsidy programme.
The Urban Land Ceiling and Regulation Act will be repealed to free the supply of usable
urban land for housing construction.
The capital base of the Housing and Urban Development Corporation (HUDCO) is being
increased by Rs.110 crore from the budget so that it may leverage more funds for housing
I also have some tax incentives for housing which I will outline later in my speech.