EWS households are families with an annual income up to Rs 3 lakh, while the LIG households are families with an annual income from Rs 3-6 lakh. The criteria for the MIG has been modified as households with annual income of Rs 6-9 lakh are eligible under the category.In addition, the corpus fund of Credit Risk Guarantee Fund Trust has been increased from Rs 1,000 crore to Rs 3,000 crore to provide benefit of credit risk guarantee on affordable housing loans from banks, housing finance companies, or primary lending institutions to EWS and LIG segments.In another decision, the Cabinet Committee on Economic Affairs approved eight projects of the Ministry of Railways with a total estimated cost of Rs 24,657 crore. The projects aim at enhancing connectivity, facilitating ease of travelling, minimising logistic cost and reduce oil imports.Briefing the media about the decisions, Railway Minister Ashwini Vaishnaw said the total projects of the railways approved by the cabinet will be completed by 2030-31, generating employment for about 3 crore man-days during their construction phases.“The projects are in line with the PM’s vision of a new India, which will make people of the region self-reliant by way of a comprehensive development,” Vaishnaw said.The eight projects will cover 14 districts across seven states — Odisha, Maharashtra, Andhra Pradesh, Jharkhand, Bihar, Telangana and West Bengal.
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