Home Loan Subsidy Scheme: There is excellent news for the nation’s millions of citizens. Urban homeless persons will soon receive interest-free house loans from the central government. Hardeep Singh Puri, the union minister for housing and urban affairs, announced on Friday that the federal government would soon introduce an interest-subvention programme for mortgage loans. We are currently finalising the Home Assistance Scheme’s specifics. It will shortly be put into practise.
Housing Loan Program Aims to Benefit Urban Poor and Slum Dwellers
The Union Minister echoed the Prime Minister’s remarks when he emphasised that this will be a significant programme that will provide interest rebates. He said that this programme was disclosed by the prime minister on August 15 during his speech commemorating the country’s independence. said that his government is introducing a new programme for housing loans that will help urban poor people. People who live in rented homes, slums, and unofficial colonies will profit more in this category. According to PM Modi, if people wish to build their own homes, we would support them by lowering interest rates and providing bank loans, which will enable them to save thousands of rupees.
Government Allocates Rs 60000 Crore for Affordable Home Loans
- The government is ready to spend Rs 60 thousand crore for cheap home loans.
- The blueprint of this scheme may be revealed to the country in the next few weeks.
- This will benefit 25 lakh middle class people living in urban areas.
- Under this scheme, the government will give a subsidy of Rs 9 lakh on home loan interest.
Union Minister Addresses Impact of Global Crude Oil Prices on Indian Retail Industry
Hardeep Singh Puri, a minister for the Union, also spoke on the growing price of crude oil globally and how it would affect the retail industry. According to him, American crude oil prices have risen by between 40% and 50%. However, it fell by 5% in India. Due to the Prime Minister‘s bold actions, this occurred. India twice lowered the excise tax. All I can say is that I hope my friends in the producing nations would recognise its value.
Union Minister Criticizes Fuel Price Disparity
In particular, the Trinamool Congress-led West Bengal administration was singled out by the Union Minister for maintaining fuel rates above those of BJP-ruled states. He questioned why the cost of petrol is Rs. 11.80 more expensive in places where the BJP is not in power, like West Bengal. The real query is that. We cannot have a scenario where the central government lowers excise taxes, BJP-ruled states lower their VAT, and non-BJP states do nothing about it, according to Puri.
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