Monday, July 6, 2009

Urban development allocation increased 87 percent

The allocation for the Jawaharlal Nehru National Urban Renewal Mission has been increased by 87 percent to Rs.12,887 crore, Finance Minister Pranab Mukherjee said while presenting the union budget in parliament Monday.

Additionally, the Indira Awas Yojna, a housing programme for the poor, has been allocated Rs.2,000 crore, while a Rs.2,000-crore special fund has been set up to finance rural housing projects.

Mukherjee also announced a Rs.3,973-crore allocation for urban poor.

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