Modi Govt Scheme: If you are thinking of buying a new house. So today we are going to tell you about a scheme from where you will save a good amount of money after taking the loan. Let us know in the news below
If you are planning to buy your own house then this news will make you happy. Yes, the Central Modi government is planning to start a new home loan subsidy scheme for small home buyers (New Modi Govt Home Loan Subsidy Scheme). Under the scheme, about 25 lakh loan applicants from low income group in urban areas are expected to benefit.
The plan is expected to be announced soon
According to a report, such a scheme may be announced soon by the Modi government. In this regard, officials say that the amount of subsidy will depend on the demand for such houses. Let us know what is this scheme for urban low income group people? The government plans to spend about Rs 60,000 crore on this scheme in the next 5 years.
PM Modi had announced
It is being claimed in the report that this scheme for small houses can be started by the government in the next few months. During the Independence Day 2023 speech, it was announced by Prime Minister Narendra Modi that through a new scheme, the government will provide cheap home loans to those living in rented houses in cities.
No official information
The PM had said that his government is coming up with a new scheme, which will benefit those families who are in cities but are living in rented houses, slums or slums and unauthorized colonies. However, no official information related to the scheme has been revealed yet.
Expected to get interest subsidy between 3-6.5%
Under the new scheme, applicants can get annual interest subsidy between 3-6.5% on loan amount up to Rs 9 lakh. The report said that this subsidy is expected to be available on home loans of less than Rs 50 lakh taken for a period of 20 years. The benefit of interest subvention provided by the government is expected to be deposited in the home loan accounts of the beneficiaries.
It is being claimed by the sources that preparations are going on to finalize the plan. Before implementing this, it will need to be approved in the Union Cabinet meeting chaired by the Prime Minister. Let us tell you that if this scheme is started by the government, then its direct benefit will be to the low income group families living in the cities.
