Latest News
-
Google CEO Sundar Pichai Terminates Over 20 Employees Amidst Internal Protests Over Israel; Reports -
Hidden Tata Group Stock To Pay Highest Rs 25/Sh Dividend Soon; Turns Rs 9,000 To Rs 9 Lakh In Long Term -
Gold Prices In US: Yellow Metal Rates Retreat As Middle East Tensions Ease; US Economic Data In Focus -
Sakuma Exports Secures Rs. 150 Cr Deal; Okays Rights Issue Amidst Positive Outlook -
Here Are Some Best All-Round Credit Cards Of 2024 Which Could Lead To Maximum Savings! -
Stock To Buy: Multibagger Tata Stock Hits 20% Upper Circuit, Gains 37.22% In 1-Week; TP Rs 1100 -
Closing Bell: Sensex, Nifty Extend Gains 3rd Day; India VIX Records Biggest Single Day Fall Since May 2019 -
Mutual Funds: 10 PSU Stocks Have Reduced Holdings -
Air India Joins Into Codeshare Pact With Japan's All Nippon Airways -
Razorpay Declares 'UPI Switch' In Partnership With Airtel Payments Bank
Coverage Under PMAY To Be Increased
The scheme is aimed at boosting investment in the real estate sector by all those earning a substantial income.
In order to extend the benefits of the interest subsidy under the Pradhan Mantri Awaas Yojana to more and more home buyers, the scope of it in terms of the properties' location such as in villages, special development authorities and industrial belts.
The scheme shall also be extended to coastal cities which fall under port development authorities.
The development is likely to be effected as many loan applicants have been turned down after the property they have sought out loan for has been under question.
At present the benefit under the PMAY is extended to home buyers making their first house purchase in urban areas. For loan amount upto Rs. 9 lakh, individuals earning income in the range of Rs. 6 lakh and Rs. 12 lakh will be eligible for an interest subsidy of 4% while those earning between Rs. 12 lakh and Rs. 18 lakh can avail subsidy of 3%.
The scheme is aimed at boosting investment in the real estate sector by all those earning a substantial income.
Goodreturns.in
