Abstract
Shelter is one of the basic human needs and is universally construed as a human right that is vital to the attainment of the right to live with dignity. Given the rapid pace of urbanization and rising personal incomes, urban housing finance has become increasingly attractive for lenders. However, the rural population has been neglected or at best, served out of compulsions of regulatory requirements. Rural households depend more on government sponsored housing projects and subsidized credit rather than on the formal housing finance system. In this context this article analyzed the trends in the rural demand for formal housing finance with the purpose to gauge the extent of inclusiveness in the Indian housing finance system and carried out a preliminary econometric investigation into the selected economic factors that may have a role in influencing rural demand for formal housing finance.
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