I-Day credit scheme for poor set to be rolled out

The government may soon launch a ₹60,000 crore-urban housing credit scheme for low-income citizens aspiring to have their own houses in line with Prime Minister Narendra Modi's Independence Day announcement, which would also boost the domestic economy, two officials aware of the development said.

- Rajeev Jayaswal

This was one of the announcements made by the Prime Minister from the ramparts of the Red Fort on August 15. The blueprint of the scheme is ready and reviewed by the competent authority, the people said, requesting anonymity. The PM on Saturday held a meeting to review announcements made in his Red Fort speech, a statement issued by the Prime Minister's Office said.

Day "In his Independence speech, Prime Minister had mentioned about ensuring affordable credit for poor and middle class housing. In line with this announcement, Prime Minister reviewed the preparations to implement this announcement," it said. The PM also reviewed the road map to execute his plan of ensuring solar power for households, it added.

The meeting was attended by his principal secretary PK Mishra and cabinet secretary Rajiv Gauba among others.