Current Affairs - State - Discussion

Maharashtra Housing Minister Jitendra Awhad announced that the state govt and State Bank of India (SBI) will set up a stress fund to revive Slum Rehabilitation Authority (SRA) projects (about 370 projects) in the Mumbai Metropolitan Region (MMR) and other urban areas of the state. For this purpose, the state govt will inject Rs 700 crore to Rs 1,000 crore in this fund as a financial support. SRA will act as the nodal agency under the Housing Ministry to implement the slum redevelopment schemes.