Housing subsidy for middle-income group extended till March 2021
Click here to read full article from source
New Delhi, May 14 -- The government on Thursday extended till March 2021 the benefit of interest subsidy on home loans under the Credit Linked Subsidy Scheme (CLSS) for households that fall in the middle-income group (MIG) with annual incomes between Rs.6 lakh and Rs.18 lakh. The scheme was introduced in May 2017 and ended on 31 March 2020.
While announcing the extension at a press conference, finance minister Nirmala Sitharaman said the scheme has benefited 330,000 middle-class families so far and is expected to benefit another 250,000 families in FY21. According to government estimates, the subsidy scheme will give a Rs.70,000 crore boost to the housing sector. Besides creating jobs, it will also stimulate demand for steel, cement, tra...
To read the full article or to get the complete feed from this publication, please Contact Us