How Does Allocation Under PMAY Impact the Growth of Affordable Housing?

“The substantial funding for rural and urban areas under the Pradhan Mantri Awas Yojana (PMAY) credit-linked subsidy scheme significantly enhances the affordable housing sector, according to D Lakshminarayanan, MD of Sundaram Home Finance.

He noted that reduced stamp duty for women purchasing property will likely encourage more first-time home buyers, responding to the Union Budget presented by Union Finance Minister Nirmala Sitharaman in the Lok Sabha.

Lakshminarayanan highlighted that digitizing land records will increase transparency, boost revenue compliance, and improve the overall flow of credit.

In his statement, he emphasized that the extensive allocation in both rural and urban regions under the PMAY credit-linked subsidy scheme is a major