Topic : Government policies and interventions for development in various sectors and issues arising out of their design and implementation.
2. While various government initiatives and policies have created opportunities in the affordable housing segment, there are challenges that still persist. Discuss. (250 words)
Reference: Financial Express
Why the question:
The question is based on the aspects of government initiatives and policies that have created opportunities in the affordable housing segment and challenges associated with it.
Key Demand of the question:
Discuss the various government initiatives/policies in affordable housing sector in India and the opportunities created by it while also highlighting the associated challenges.
Directive:
Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.
Structure of the answer:
Introduction:
Briefly present the context of the question.
Body:
Discuss the various government initiatives/policies in affordable housing sector in India and the opportunities created by it.
Various government initiatives that aim at creating opportunities to ensure affordable housing finance, affordable technology design and affordable land and infrastructure are – “Housing for All by 2022: Under Pradhan Mantri Awas Yojna (PMAY), Affordable housing recognized at par with infrastructure, Relaxing eligibility criteria of home size from built up area to carpet area, Tax relief on home sales and reduction in holding period for long-term capital gains etc.
Discuss the underlying challenges in detail.
Briefly suggest remedial measures.
Conclusion:
Conclude with what should be the way forward.
