NEW DELHI: Now urban households earning up to Rs 9 lakh annually will be eligible for interest subsidy scheme (ISS) on home loan for a property measuring not more than 120 sq metre under the newly approved PM Awas Yojna (Urban) scheme, which officials said is aimed at ensuring financial relief for “deserving” beneficiaries —…
A central assistance of Rs 2.2 lakh crore over the next five years is aimed at meeting the housing requirement of 1 crore urban poor and middle-class families under Pradhan Mantri Awas Yojana-Urban. Govt has also proposed an interest subsidy to provide loans at affordable rates.FM Nirmala Sitharaman said 3 crore additional houses under Pradhan…
NEW DELHI: In the next phase of PM Awas Yojna (PMAY) in urban areas, govt is looking to slash the income threshold for middle-income group beneficiaries from Rs 18 lakh to Rs 10 lakh to target it better, while also spreading the disbursement of the subsidy over five years, instead of one-shot payment, to ensure…
