Nirmala Sitharaman : Govt to Contribute Rs 10,000 Crore to Complete Unfinished Housing Projects, Says FM

Nirmala Sitharaman LIVE Updates: In one of the biggest announcements today, Finance minister Nirmala Sitharaman said that the Centre will contribute Rs 10,000 crore to complete construction of unfinished projects in affordable and middle income category housing.Sitharaman’s measures come in the wake of current economic slowdown that has plagued Modi government’s second term. She is also likely to share the feedback she has received on the measures taken in the recent weeks. It’s noteworthy that the finance minister has been meeting industry captains and economists across the nation to take stock of the situation. In two earlier instances, she has announced merger of 10 public sector banks into four and withdrawn higher surcharge on FPIs and domestic investors.”Projects that are 60% complete shall get last mine funding through special window. We will not interfere with the projects that are under NCLT. The tribunal will decide what has to be done. About 3.5 lakh dwelling units to benefit from this,” says Finance Minister Nirmala Sitharaman

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