Budget 2024: Income criteria for MIGs may see tweak. Details, eligibility, classification inside|businesstoday.in
The Centre is reportedly mulling a tweak in the income criteria for middle-income groups (MIGs) to qualify for housing assistance in urban areas under the Pradhan Mantri Awas Yojana (Urban). The change is expected to be part of the 2024-25 budget, according to a TOI report. The new proposal, the report suggests, could see the two categories being merged into a single MIG category. In its first Cabinet meeting, the government approved financial assistance to build one crore houses in urban areas and two crore in rural areas over the next five years.
