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THEME PAPER

UNION BUDGET 2022-23

PUSH FOR INCLUSIVE HOUSING AND INFRASTRUCTURE DEVELOPMENT

DR. AKSHAYA KUMAR Affordable housing and inclusive and investment, sunrise
energy
urban development have been the
opportunities,
SEN two key priority areas of action transition and climate
of the Government of India since action; and (iv) financing
independence, which got more of investments. The key
traction in the recent years. This takeaways of the Union
paper provides a snapshot of the Budget 2022-23 for inclusive
key measures announced in the housing and infrastructure
Union Budget 2022-23 with development are as follows:
respect to housing, infrastructure
and urban development and HOUSING
“The measures announced their implications for inclusive The Union Budget 2022-23
in the Union Budget 2022- housing, infrastructure and focuses of making people
urban development.
23 for inclusive housing, socially, economically and
infrastructure and urban INTRODUCTION financially inclusive. This
inclusivity is designed to be
development domain are The Union Budget 2022-23 achieved through provision
expected to accelerate the seeks to lay foundation & of affordable housing for all
pace of economic growth give blueprint of economy socio-economic groups with
in the pandemic-ravaged over ‘Amrit Kal’ of next 25 appropriate mechanisms
year as well as create job years - from India @ 75 to for financial inclusion
opportunities to the millions.” India @ 100. Emphasizing and developing housing
the need for boosting capital complexes where at least some
expenditure (both public and of its units are affordable by
private investment) to spur a range of economic groups.
and sustain high economic Under Pradhan Matri Awas
growth through sustained Yojana (PMAY)-Urban, an
investment in housing affordable housing project
and infrastructure sector is one, where at least 35% of
including health services, the total housing units are

Key words: Union Budget, Inclusive the Union Budget 2022-23 for economically weaker
Housing, Infrastructure, urban focuses on four priorities for sections (EWS) category,
Development. accelerating the growth as having carpet area of 30sqm.
well as creating jobs: (i) PM Towards, promotion of
Dr. Akshaya Kumar Sen (aksen@ Gati Shakti Master Plan; (ii) inclusive housing, the Union
hudco.org) is Joint General Inclusive Development; (iii) Budget 2022-23 has made the
Manager(Economics) & Fellow, Productivity enhancement following key provisions:
HUDCO’s HSMI, New Delhi

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