-The Hindu Banks continue denying loans to low-income groups, insisting on sticking to a standard EMI route even though they are dealing with a complex social issue. In July 2012, Pradeep Kumar, a 36-year-old resident of Ladpur, a shanty town that sits on the north-western periphery of Delhi, applied for an employment loan at the magistrate’s office in Kanjawala district. Under the Pradhan Mantri Rozgar Yojana or PMRY — a funding policy...

-The Telegraph New Delhi: A new survey has shown that one in every two rural households is eligible for targeted government aid - a significant jump from two earlier estimates of those entitled to blanket benefits. The provisional socio-economic and caste census (SECC) data released by finance minister Arun Jaitley show that almost half the 17.91-crore households in rural India may be considered under various targeted welfare schemes, depending on their specific...

-Hindustan Times The Union cabinet on Wednesday approved “Housing for All”, the NDA government’s flagship programme of building two crore houses by 2022. The scheme is piloted by the housing and urban poverty alleviation ministry. Aiming to promote affordable housing, the cabinet approved a substantial increase in interest subsidy on Housing Loans — from 4% to 6.50% — for those from the economically weaker sections (EWS) and low-income groups (LIG). This would...

-The Times of India NEW DELHI: Terms like inclusive growth and roof-for-all may have gained political currency in the recent years, but trends show how public sector banks and Housing Finance Corporation (HFC) are reluctant to provide Housing Loans to the poor and lower middle class. The data that was presented before MPs at the consultative committee of urban development and housing alleviation on Wednesday highlighted how the outstanding Housing Loans up...

-The Hindu Budget making is a complex exercise, especially in a country like India. Therefore, the parameters to judge the annual budget are also many. For me, the arithmetic of the budget is the first. According to the statements made by the Prime Minister and the Finance Minister, one expected the fiscal deficit targets to be adhered to. However the Finance Minister has extended it from two to three years....