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Tamil Nadu Government and world bank sign agreement to increase access to affordable housing.


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Tamil Nadu Government and world bank sign agreement to increase access to affordable housing.

The agreement was signed for two projects worth dollar 200 million first Tamil Nadu Housing Sector Strengthening Program and worth dollar 50 million Tamil Nadu Housing and Habitat Development Project.

These two projects have been signed to strengthen the state’s housing sector policies, institutions, and regulations by the government of India, the government of Tamil Nadu, and the world bank ‘s group the International Bank For Reconstruction And Development (IBRD).

Finance contribution of $35 million will be given to the newly created Tamil Nadu Shelter Fund (TNSF) and it’s a part of innovation on housing finance in India.

Nearly, half of the Tamil Nadu’s population living in urban regions and this will be expected to raise 63 percent in 2030 and the peoples living in slum regions are estimated as 6 million which is representing 16.6 percent in the state’s population.

Aim of these projects to provide better housing and improve their living condition of the low-income groups in Tamil Nadu.


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Tamil Nadu Government and world bank sign agreement to increase access to affordable housing.