Indian government to offer home loan subsidy for the poorIndian government to offer home loan subsidy for the poor
Apnaloan.com Research Bureau
15 Mar 2008
The Indian government has plans to provide an interest-rate subsidy on home loans for the economically backward and low income sections of the urban areas.
The frequent changes in interest rates have led to almost 50 per cent hike in EMIs.
The country may face a shortage of 2.65 crore houses by 2012.