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Home Loan Subsidy: Home loan holders got a big relief, now the government will give this much subsidy on a loan of 9 lakhs..
Indiaemploymentnews | May 13, 2025 11:39 PM CST

Home Loan Scheme: The government keeps implementing many types of schemes for the public. Now the government has implemented a big scheme on home loans (cheap home loans), which will give a lot of relief to those who take home loans.

The government is also going to provide an interest discount on the home loan amount up to Rs 9 lakh. By taking advantage of this, lakhs of people will be able to fulfill their dream of having their own house. If you, too, have a dream of buying your own house, then definitely know about this cheap home loan scheme of the government.

This is the scheme of the central government -

The central government is going to start a new home loan subsidy scheme. The benefit of this scheme will be extended to 25 lakh urban people. People of the low-income group can be included in it. The government (Modi Government) aims to spend about Rs 60,000 crore on this scheme in the next four to five years. Under this scheme, the subsidy will depend on the demand for houses.

These people will benefit -

Just a few months ago, Prime Minister Narendra Modi (PM Narendra Modi) announced an important scheme for urban people. He had said that the central government would provide cheap home loans under the new scheme to those urban people who are living in rented houses in cities, in slums, in shanties, and unauthorized colonies.

This much subsidy will be available on interest -

After the announcement by the Prime Minister, no official statement has come out regarding this scheme (the new home loan scheme). Under this scheme, the government can initially provide a loan of up to Rs 9 lakh; later, this amount can be increased. A discount or subsidy of 3 to 6.5 percent annual interest can be given on this loan amount. This will make this home loan (home loan for urban people) very cheap for urban people.

The government is also considering this -

It is also being said about this urban housing scheme that the government can provide home loans up to Rs 50 lakh at low interest for a period of 20 years. Its subsidy will be credited to the loan account in advance. As soon as the cabinet approves it, this scheme can be started.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.


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