With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
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Financial inclusion of low-income households in urban areas is key focusNew Delhi, 14 August, 2013 – The government of India and the World Bank today signed a $100 million credit agreement aimed at helping... Show More + low-income households in Indian cities access loans to purchase, build or upgrade their dwellings.The Low Income Housing Finance Project will be implemented by the National Housing Bank (NHB). It will support the government’s agenda for financial inclusion by making it easier for low-income households in urban areas to access housing finance and by strengthening the capacity of financial institutions that target these groups.India’s urban population is expanding at a rapid pace and is expected to rise to 600 million by 2031, more than double that in 2001. Housing shortages in India are also acute with more than 90% of the shortage being faced by low-income households. In 2012 the urban housing shortage was estimated at 19 million.“Financial inclusion is a priority for the government Show Less -
Housing Finance Needs to Reach South Asia’s PoorDecember 1, 2010 - The report examines housing shortages in South Asia, as well as outlines shortcomings of the market for home financing. To enable a rapid... Show More + housing and housing finance market expansion current obstacles should be removed to the efficient functioning of land administration and mortgage markets, to make homes more affordable. Show Less -