Home Loan Update: Government's big decision regarding homeloansn, 25 lakh people will get big benefit..

Home Loan EMI: A large capital has to be invested in buying a house, so the amount of loan obtained for this is also usually large. After taking a home loan, often the burden of its EMI is also very high, which is a big challenge to bear. Now the government has taken a big step regarding home loans (a new home loan scheme), which has brought good news for millions of people. After this decision, many people will be able to make their home dreams come true. Let us know about this decision of the government regarding home loans in detail in this news.

This is the plan of the government-

Prime Minister Narendra Modi announced a new scheme (govt new housing scheme) on the occasion of Independence Day, but official information about it has not been available yet. According to a report, a low interest rate of 3 - 6.5 percent (Home Loan Interest rates) can be found on loans up to 9 lakhs in this scheme. Apart from this, home loans up to 50 lakhs can be brought under this scheme in 20 years. The report also said that in the coming few months, banks will launch this scheme, so that people can get loans at affordable rates.

So many people will benefit -
According to the government official, a new scheme is being worked on, under which 25 lakh low-income people in urban areas can get help in buying houses. The scheme is proposed to be implemented by 2028 and it is still in its final form. Under this, the discount on the loan (Discount on Home Loan) will provide some relief to the beneficiaries. To avail the benefit of this scheme, the amount to be distributed will depend on the demand for houses. This step is to support those who are dreaming of buying their property.

PM Modi had made this announcement -

In August 2024, PM Modi said in his address that the government is working on a new scheme aimed at helping families living in cities who live in rented houses, slums, or unauthorized areas. This scheme aims to improve their living conditions. However, since the announcement of this scheme by PM Modi, no official statement or information has been given by the Ministry of Housing and Urban Development and the Ministry of Finance.

At present, the benefit of this scheme is being received -

At present, people are getting the benefit of residential Pradhan Mantri Awas Yojana. Its time was extended to provide the benefit of this scheme. Its purpose is to provide permanent housing to low-income families. It has three main categories, which have been created keeping in mind different income groups. The first category is for those whose income is very low, like EWS and LIG, the second is for middle-class families, and the third category is for women who are specially benefited. This scheme (govt home loan update) is for all sections of the society so that everyone can fulfill the dream of their own house.

These are also the beneficiaries -

In this scheme, women of EWS and LIG groups are given benefits especially. The necessary condition to get the benefit is that the owner of the house should be a woman. This facility is especially for those families whose income is low. There are some other categories under the scheme, which include the middle class (Middle-class home loan benefits) and other classes. The purpose of each category is different, but the main objective is to provide proper housing to everyone so that their life can be better.

They will get loans-

People living in urban areas are facing difficulty in buying a house, as property prices are constantly increasing. To solve this problem, the government is going to launch a new scheme, through which people in Small Urban Housing Sector will get loans at affordable rates. This scheme is to build houses in small towns, and for this, the government intends to spend a huge amount of Rs 60,000 crore (Government Investment in the scheme). With this step, many people will be able to fulfill their dream of buying a house. This effort of the government will help make the access to houses easier.

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