NEW DELHI: Terms like inclusive growth and roof-for-all may have gained political currency in the recent years, but trends show how public sector banks and Housing Finance Corporation (HFC) are reluctant to provide housing loans to the poor and lower middle class.The data that was presented before MPs at the consultative committee of urban development and housing alleviation on Wednesday highlighted how the outstanding housing loans up to Rs 10 lakh has reduced from 34% in 2011-12 to 26% in 2013-14. It was worse in the case of loans amounting up to Rs 2 lakh and up to Rs 5 lakh. Sources said that lawmakers across party lines raised serious concerns over this trend as it reflected how housing loans to weaker section is decreasing every year.A few of them also pointed how all the banks don’t quickly pass on the benefit of cuts in repo rate announced by the Reserve Bank of India to home buyers. They have expressed concerns over the Modi administration’s huge target of building two crore new houses for the poor in urban areas by 2022 considering the tardy progress of any government scheme.However, housing minister M Venkaiah Naidu told the lawmakers that the new “Housing for All” initiative to be launched soon seeks to address the shortcomings of the earlier housing schemes and is more workable. Naidu said that the scheme would need about Rs 3 lakh crore investment to meet the housing shortage in urban areas.The urban component of housing mission has four components — slum redeve—opment, affordable housing through credit linked subsidy, affordable housing in partnership with private or public sector agencies and subsidy for beneficiary-led individual house construction/ enhancement.Sources said some of the MPs pointed out difficulties in slum redevelopment projects since the residents oppose moving out even for a couple of years. There have been such experiences in Mumbai and Delhi as well. One of the committee members also suggested since unauthorized colonies are an urban reality these days, government should allow MPs to spend a portion of their local area development fund for improving infrastructure in such blocks.