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Heat-proof homes may get $500 mn boost
Business Standard
|March 19, 2025
World Bank likely to fund India's rural housing plan
The World Bank is in discussions with the Union government to provide nearly $500 million in funding for the Sustainable Housing Integrated Efficient Living and Disaster Resilience (SHIELD) initiative under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G), three officials said. The project aims to develop climate-adaptable and heat-resilient rural housing.
"The goal is to raise awareness and ensure proper housing design. There are active and passive measures to mitigate heat, so we need to ensure the houses we build meet minimum standards and incorporate new materials. While we have an existing system, the broader idea is to understand best practices from other countries. These houses, to be built over the next five years, will be heat- and climate-resilient," a government official said.
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