Further policy interventions, such as enhanced subsidies for the Economically Weaker Section (EWS), can reduce financial barriers and improve access to quality housing. To advance the Government of India’s vision of ‘Housing for All,’ incorporating affordable housing for EWS under Schedule VII of the Corporate Social Responsibility (CSR) provisions in The Companies Act will empower corporates entities and foundations to contribute to affordable housing initiatives.
Encouraging public, private banks and financial institutions to prioritise affordable housing loans; introducing preferential interest rates and affordable repayment options (EMIs) for such loans will advance access to affordable housing. Additionally, blending CSR funds with government grants can address funding gaps.
We advocate for a Public Private People Partnership (P4) model to foster effective collaboration among stakeholders. This will accelerate progress toward ‘Housing for All’ and support inclusive, sustainable development aligned with the United Nations Sustainable Development Goals (SDGs),” said Anand Kumar Bolimera, National Director of Habitat for Humanity India
