Prime Minister Shri Narendra Modi in his address to nation on December 31, 2016 has announce 2 new housing scheme for poor.
- Upto 4% off loan upto 9 lac rupees loan
- Upto 3% off on loan for loan upto 12 lacs
- 33% more houses will be constructed in rural areas
- Lower middle class and middle class in rural areas who want to build a house under the scheme can avail of a 3% rebate on a loan of Rs 2 lakh
What is the Eligiblility criteria?
Basically, families from economically weaker sections. Any family which does not own a pucca house is eligible under the scheme
What will be the size of House?
Houses of upto 30 square meter carpet area with basic civic infrastructure can be constructed.
More Details awaited.