Pradhan Mantri Awas Yojana(Gramin) – Interest subsidy scheme for rural area

9 months ago sarkariadmin 0

The Union Cabinet has approved a new scheme to promote the Prime Minister’s Housing Scheme (Rural) across the country. Under this scheme, the government will provide subsidy in interest. According to the scheme, every rural household will get interest subsidy which has been applied under the Prime Minister’s Housing Scheme (Rural) in hindi Pradhan Mantri Awas Yojana(Gramin).

Pradhan Mantri Awas Yojana(Gramin) – Interest subsidy scheme for rural area

In this scheme, each rural family will be able to build new houses or add them to their existing housing units or to their existing permanent houses and improve their condition. Under this scheme, the government will provide interest subsidy to the beneficiaries for loan amount up to Rs 2 lakh.

According to the information, this scheme will be implemented by National Housing Bank. The Government will provide interest subsidy of 3% on the present rate of interest to the National Housing Bank.

Apart from this, the Government will also take important steps for proper implementation of PMAY-G in rural areas with technical assistance. The Government expects that the new scheme will improve the houses in rural areas and it will bring employment opportunities in the rural housing sector.

News source: http://www.business-standard.com/article/government-press-release/cabinet approves-a-new-scheme-for-promotion-of-rural-housing-in- 117012400514_1.html