Italy Villages Offering Rs 25 Lakh To Move There, But There's A Catch

More than 75% of the towns in Calabria, which adds up to around 320 communities, had fewer than 5,000 residents in 2021.

With an aim to combat the trend of declining population, an Italian region named Calabria has a unique plan to provide €28,000 (about Rs 25 lakh) to individuals who are open to moving to small villages.

However, incoming residents need to also establish a small business, which can be either a new venture or accepting existing offers for specific professions sought by the towns.

Additionally, applicants should be no older than 40 years and must be ready to move to Calabria within 90 days following the approval of their application.

Speaking to CNN, Gianluca Gallo, a regional councillor said, “We're honing the technical details, the exact monthly amount and duration of the funds, and whether to include also slightly larger villages with up to 3,000 residents.”