<h1>Cabinet Committee Approves Scheme for 10 Lakh Affordable Homes via Public-Private Partnership to Tackle Urban Housing Shortage.</h1> The Cabinet Committee on Economic Affairs has approved a scheme to boost affordable housing by constructing 10 lakh homes through a public-private partnership model. The initiative aims to address the urban housing shortage, particularly for low-income households, by offering affordable housing units ranging from 300 to 1200 sq.ft. State governments will provide land, while private developers and state housing boards will handle construction. The central government will cover costs for external infrastructure. Home loans with reduced interest rates are expected to rise, and 25% of the housing units will be reserved for economically weaker sections. A budget of Rs. 5000 crore is allocated for the next four years.