FreeCurrencyRates.com

इंडियन आवाज़     30 Mar 2017 08:20:35      انڈین آواز

Govt approves New Scheme for Rural Housing

AMN

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved a new scheme for promotion of Rural Housing in the country. The Government would provide interest subsidy under the scheme. Interest subsidy would be available to every rural household who is not covered under the Pradhan Mantri Aawas Yojana (Grameen), PMAY(G).

rural housing

The scheme would enable people in rural areas to construct new houses or add to their existing pucca houses to improve their dwelling units. The beneficiary who takes a loan under the scheme would be provided interest subsidy for loan amount upto Rs. 2 Lakhs.

National Housing Bank would implement the scheme. The Government would provide net present value of the interest subsidy of 3 percent to the National Housing Bank upfront which will, in turn, pass it to the Primary Lending Institutions (Scheduled Commercial Banks, NBFCs etc.). As a result the equated monthly installment (EMI) for the beneficiary would be reduced.

Under the scheme, the Government would also take necessary steps for proper convergence with PMAY-G including technical support to beneficiary through existing arrangements. The new scheme is expected to improve housing stock in the rural areas, as well as create employment opportunities in rural housing sector.

Ad
Ad
Ad

SPORTS

Saina, Sindhu spearhead home challenge at India Open Super Series 2017

Saina Nehwal and PV Sindhu spearheaded home challenge in the 7th edition of India Open Super Series Badminton ...

Saina defeats Chia Hsin Li in India Super Series Badminton Tournament

Saina Nehwal today defeated Chinese Taipei's Chia Hsin Li in the India Super Series Badminton Tournament to re ...

Ad

Archive

March 2017
M T W T F S S
« Feb    
 12345
6789101112
13141516171819
20212223242526
2728293031  

OPEN HOUSE

NEPAL TRAGEDY: PHOTO FEATURE

[caption id="attachment_30524" align="alignleft" width="482"] The death toll from Saturday's deadly 7.9 magnit ...

@Powered By: Logicsart