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Indi PM takes initiative to boost urban housing

02 January 17 - Irene Theofanidou
Indi PM takes initiative to boost urban housing

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In a boost to the affordable housing and middle income category of the housing sector, Prime Minister Narendra Modi had on Saturday doubled the quantum of loan amount that can qualify for interest benefit under the Pradhan Mantri Awas Yojana (PMAY) for Urban areas in 2017. In addition to this, he also announced a 3% interest subvention for loans of up to Rs 2 lakh in the rural areas, taken for either new home or extention of housing.

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