Interest subsidy for housing
Budget Speech para. 306: "We must also address those who wish to extend their houses but are unable to do so due to financial constraints. As such, to facilitate such extensions or support completion of houses with an existing floor area of less than 750 square feet, commercial banks will provide a loan up to Rs. 200,000, for 100,000 such houses, where the government will provide a 50 percent interest subsidy. I propose to allocate Rs. 1,000 million for this purpose."
- Allocation (Rs. Mn) : 1,000
- Sector : Banking & Finance
- Ministry / Government Institution : Ministry of Finance and Mass Media
Openness Tracker Restricted
Ministry has provided an action plan for the project. Details of the loan scheme is available online.
Progress Tracker Fulfilled
The loan scheme has been implemented, but the number of beneficiaries is unknown.
Sources of Information