Unaka package, package, apana package bus stimulus
Take example of 70,000 cr MIG 2 housing under PM aavas. It assumes that 2.5 lakh families will buy houses under the scheme in next 9 months costing 28 lakh rs each. Whereas in past only 1.1 lakh did so each year in last three year. Govt outgoing for the home loan subsidy is anyway capped at 500 Cr (already budgeted). So net new package for sector is Zero (gross 500 cr) but advertised as 70,000 cr !!!
Take example of 70,000 cr MIG 2 housing under PM aavas. It assumes that 2.5 lakh families will buy houses under the scheme in next 9 months costing 28 lakh rs each. Whereas in past only 1.1 lakh did so each year in last three year. Govt outgoing for the home loan subsidy is anyway capped at 500 Cr (already budgeted). So net new package for sector is Zero (gross 500 cr) but advertised as 70,000 cr !!!