Promise Tracker

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

  • Budget Tracker - Website Website
  • Budget Tracker - Website RTI