Merger of govt. policies will benefit housing in: Assocham reports

Merger of govt. policies will benefit housing inAssocham reports

By Accommodation Times News Service

Besides, income of this category is either uneven throughout the year or is below the ‘viable threshold,’ to ensure repayment of the loan.

The union government should try to merge various policies at a point to address housing shortage issue in India, an ASSOCHAM report has said.

“The Pradhan Mantri Jan Dhan Yojana (PMJDY), which mainly targets lower-end of pyramid, should be used to provide housing finance to the account owner, thereby directly catering to the targeted segment,” suggested the study titled ‘Affordable Housing Finance in India,’ conducted by ASSOCHAM.

Economically weaker section (EWS) and low-income group (LIG) categories are generally not given access to loans because of many reasons like – lack of proper documentation, higher credit and default risk, unavailability of guarantor and others, it noted. Besides, income of this category is either uneven throughout the year or is below the ‘viable threshold,’ to ensure repayment of the loan.





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