The government on Tuesday, July 23, 2024, proposed a transit-oriented development plan for 14 large cities with a population of over 30 lakh. The announcements were made by Finance Minister Nirmala Sitharaman in Union Budget 2024-25.
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Presenting the Union Budget in the Lok Sabha, she said the government will formulate a framework for the creative redevelopment of cities.
The Finance Minister also announced Central assistance of ₹2.2 lakh crore for urban housing over the next five years as well as an interest subsidy scheme to facilitate loans at affordable rates for urban housing works.
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She said the Central government will put in place measures for an efficient and transparent rental housing market with enhanced availability.
The Finance Minister proposed a scheme to support the development of 100 weekly haats or street food hubs in select cities.
