Dr. Samantak Das, Chief Economist & Director of Research, Knight Frank India:-
“Given the objective of the present government to provide shelter to all by 2022, this interest rate subvention scheme is a step in the right direction. The Central government’s fiscal position is showing an improving trend and the policy makers must have done ample homework to allow this sort of a subsidy scheme. Moreover, what is interesting, is the definition of EWS and LIG has been changed to bring in more beneficiaries under its ambit. The success of this scheme will depend on the right targeting of actual beneficiaries which in my view is a big challenge in a country like India.
However, there has to be a commensurate growth in the supply of low cost housing across appropriate locations to make this move a successful one”.
