Under the scheme, states and anchor industries can seek VGF for projects to provide workers a dignified affordable rental housing close to their workplace. The funding could be around 40% of the project cost – 20% each by the Centre and the state concerned – for construction, operation and maintenance of housing projects by private entities under PPP. The concession period could be around 30 years.In the FY25 Budget, the government announced the scheme for rental housing with dormitory-type accommodation for industrial workers. "Industrial workers come from different parts of the country. They usually live in slums without proper electricity, water, cooking gas and other amenities. These complexes will ensure a dignified living environment for migrants/poor close to their workplaces at affordable rates," a senior official said.The scheme could also propel new investment opportunities and promote entrepreneurship in the rental housing sector by encouraging private entities to efficiently utilise vacant land. Besides large industries, a large number of workers in MSME clusters would likely benefit from it.Over the last two decades and more, India has been taking policy steps intended to increase the share of manufacturing in its gross domestic product (GDP) to 25%. However, its share in GDP hasn't risen and has been hovering around 16% since FY12.

Rental housing norms for factory workers this week

7,1859,1534,92,3125,4982

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.