Hon'ble Financial Minister Announces Rs 70,000 Crore In Real Estate And Export Sectors
Financial Minister Nirmala Sitharaman on Saturday announced an over 7000 crore booster package to exports and real estate sectors. In housing sector, Sitharaman announced that Rs 20,000 crore fund would be set up to provide funding for budget and middle income housing. This fund to support project that are Non-NPA and Non-NCLT projects. In exports sector, the introduction of a new attractive scheme of remission of duties or taxes on export prodcut (RoDTEP) to replace the existing Merchandise Exports from India Schme from Jan 1st in 2020. The export credit will release additional Rs 36000 crs to Rs 68000 crs as export credit under priority sector.