In the midst of the ongoing lockdown due to the epidemic corona, the economic package announced by the government to help the country recover from the economic crisis is expected to accelerate the development of the country. This package has become life-giving for other sectors, including the real sector. Also expressed.
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Aakant Kohli, Founder and CEO of Alante Group, believes that expansion of Credit Linked Subsidy Scheme (CLSS) to middle-income group by March 2021 will boost demand for affordable housing. The expansion of CLSS is another 2.5 lakh affordable housing Demand for the building should be seen and will also create demand for construction materials, as well as provide employment. Rental housing scheme under PMAY will open new business opportunities for builders. I want to say thank you to the government for such a relief package was needed in this difficult time. I think the real estate labor, material supplier, builder, broker and buyer will also benefit.
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Dr. Anshuman Karol, Senior Program Manager, Participatory Research in Asia (Priya), said that this package of government is considered as a win-win for the industries. The package announcement that is most needed. This includes migrant workers, small farmers, and street vendors who are most likely to be included in this package. India was not left untouched by the crisis that has come to the fore in the current world. But these people have been the most affected here. So the government's move is commendable. It has been announced by the Finance Minister that a loan of Rs.5000 crore will be given to 50 lakh vendors. Within a month from this scheme, the vendor should provide initial working capital of Rs. 10,000.
