Govt gives 1% interest subvention on housing loans upto Rs. 10 lakhs In a big relief to small home loan borrowers the union government has decided to provide 1 per cent interest subvention. This scheme would be applicable to individual housing loans upto Rs. 10 lakhs. Borrowers can avail this scheme for housing units costing upto Rs. 20 lakhs.
The government thinks that cut in applicable interest would result in reduced EMIs for small borrowers and this step wo...