Subsidy on Home Loan Yojana – Modi ji gave a gift to the middle class, they will get bumper subsidy on home loan.
In the year 2023, on the occasion of 15th August, Prime Minister Modi ji stood at the Red Fort and said various things in his speech. In his speech, he has promised to give a big gift especially to the poor and middle class people of the country.
what’s the plan
Modi ji said in his speech that an important scheme is coming by the government to reduce the interest charged on home loans. Interest subsidy scheme will be announced by the government soon. Want to tell that at present the interest charged on home loans has been increased significantly by all the banks, because the Reserve Bank of India has increased the repo rate by 2.5% from the month of May last year.
Who will get the benefit?
Modi ji has said that with the launch of this scheme, people living in huts or rented houses in cities will also be able to get their own houses. However, the benefit of this scheme will not be available to those people who have already availed the benefit of Pradhan Mantri Awas Yojana.
objective of the plan
Modi ji has said in his speech that there are many poor and middle class people in our country who live in huts or rented houses. Their dream is to have their own house. Therefore, we are coming up with a welfare house scheme in the coming times. In our scheme people will be charged less interest.
scheme information
Under this scheme, assistance of ₹ 100,000 will be provided for slum redevelopment in urban areas and assistance of ₹ 2,50,000 will be provided for constructing low-cost houses in partnership. Along with this, there will also be beneficiary led construction scheme under BLCD vertical. Additionally, the credit linked subsidy scheme will also be vertical, with subsidies up to ₹5,00,000. The benefit of this scheme will be available to those who are financially weak, but it has ended in the month of May in the year 2022.
According to information received from sources, the new scheme will be started in CLSS category, under which strong and affordable houses will be promoted in the country. As a result, the construction sector will also gain momentum, which will provide employment opportunities to the people concerned in the construction sector, and will also benefit those who manufacture and sell construction materials. Want to tell that in our country many people still live in huts. According to the 2011 census, about 17 percent of people in cities live in huts and many people also live in rented houses. With the launch of this scheme, their dream of owning their own house will now be fulfilled.
