Imagine you’re a young couple in Delhi, dreaming of owning your first home. But with skyrocketing property prices, it’s a distant dream. The government has been working tirelessly to make housing more affordable for Indians like you. In the recently announced Union Budget for FY 2026-27, the government has proposed a slew of initiatives to boost affordable housing and infrastructure development.
The key highlights of the budget include a 15% increase in allocation for the Pradhan Mantri Awas Yojana (PMAY) scheme, which aims to provide affordable housing to low-income families. The government has also proposed to increase the tax deduction limit for housing loan interest to Rs. 3 lakh, benefiting middle-class homebuyers.
Infrastructure Development: A Game-Changer
The budget has also given a major push to infrastructure development, with a focus on roads, highways, and airport expansion. The government has allocated Rs. 10 lakh crore for these projects, which is expected to create millions of jobs and boost economic growth.
For students preparing for competitive exams like UPSC, SSC, and IBPS, the budget is a treasure trove of information. The allocation for various schemes and initiatives will help you understand the government’s priorities and policies.