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The article mentions that these homes are targeted at the beneficiaries of the Indira Awaas Yojana - a government subsidy program. The article also mentions tha
by jhpriestley 15y ago
The article mentions that these homes are targeted at the beneficiaries of the Indira Awaas Yojana - a government subsidy program. The article also mentions that other companies are going after the same market (with limited success).
- keeptrying 15y agoActually there were quite a few companies trying to make a sub $2000 car but only the tatas succeeded albeit at a slightly higher price. Yes there is a government subsidy for the lowest cost home but in India relying on the government keeping the same policy for more than 4 years is a little insane.
- jhpriestley 15y agoThe program has been around for 25 years, according to wikipedia.
- keeptrying 15y agoThat might be true but having to deal with the government is a painful path. And anyway there is a real risk that they can't actually engineer it so cheap like the nano. But as in the nano's case it'll help a whole bunch of people with low incomes. And since other companies have failed at this, I still think it's very entrepreneurial and ballsy to attack this problem.