WHAT PM AN­NOUNCED

Hindustan Times (Chandigarh) - Estates - - ESTATES -

Two new mid­dle in­come cat­e­gories have been cre­ated un­der the Prad­han Mantri Awaas Yo­jana in ur­ban ar­eas Loans of up to R9 lakh taken in 2017, will re­ceive in­ter­est sub­ven­tion of 4% Loans of up to R12 lakh taken in 2017, will re­ceive in­ter­est sub­ven­tion of 3% Un­der the Prad­han Mantri Awaas Yo­jana, 33% more houses will be con­structed The num­ber of houses be­ing built for the poor un­der the Prad­han Mantri Awaas Yo­jana in the ru­ral ar­eas is be­ing in­creased by 33% In ad­di­tion, an­other scheme is be­ing put in place for the neo-mid­dle and mid­dle class in ru­ral ar­eas. Loans of up to a R2 lakh taken in 2017 for new hous­ing or ex­ten­sion of hous­ing in ru­ral ar­eas will re­ceive an in­ter­est sub­ven­tion of 3%.

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