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  • Sep 01, 2014
  • Nitin Gadkari's rural development ministry to spend Rs 3.45 lakh crore to build 30 million houses by 2022

    The Centre is homing in on rural India for a massive economic stimulus, with the Nitin Gadkari-led rural development ministry drawing up plans to spend Rs 3.45 lakh crore to build nearly 30 million houses for the homeless by 2022 under the National Gramin Awaas Mission.
    The nearly Rs 50,000 crore a year programme in the works that seeks to turn Prime Minister Narendra Modi's vision of housing for all into reality envisages even bigger allocation than the previous Congress-led UPA government ambitious rural employment generation scheme-Mahatma Gandhi National Rural Employment Guarantee Act.

    Source - http://economictimes.indiatimes.com