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 Responsive
Insufficient and incoherent information to RTI request. OTC and WEB
Progress Tracker Lagging
The loan scheme is in place. The promise is to issue 100,000 loans by the end of the year. As of 30 June 2017, 44 loans have been issued. Limited capacity to determine exact level ofprogress due to insufficient information.
Sources of Information