The Ministry of Housing and Urban Affairs (MoHUA) has introduced an interest subsidy scheme for acquisition/construction of houses (including repurchase) to cater to the Middle Income Group
The Mission, in order to expand institutional credit flow to the housing needs.
Interest subsidy will be credited upfront to the loan account of beneficiaries through Primary Lending Institutions resulting in reduced effective housing loan and Equated Monthly Installment. The Net Present Value of the interest subsidy will be calculated at a discount rate of 9 %.
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