Policy

Urban development allocation increased 87% in the Budget

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The allocation for the Jawaharlal Nehru National Urban Renewal Mission has been increased by 87% to INR12,887 crore, Finance Minister Pranab Mukherjee said while presenting the Union budget in Parliament.

Additionally, the Indira Awas Yojna, a housing programme for the poor, has been allocated INR 2,000 crore, while a INR 2,000-crore special fund has been set up to finance rural housing projects.

Mukherjee also announced a INR 3,973-crore allocation for urban poor.

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