Modi announces soaps for house buyers

NEW DELHI: In an effort to provide affordable housing for all, Prime Minister Narendra Modi today launched two housing schemes for poor and said that the beneficiaries will get four per cent exemption on home loan of Rs nine lakh while three per cent on Rs 12 lakh under Pradhan Mantri Awaas Yojna.

Addressing the nation after 50-day of demonetization drive announced on November 8, 2016, Prime Minister said, “The Government launches two new housing schemes. We want to encourage poor to buy houses.

Under PM Awaas Yogna uptil Rs nine lakh interest rates will be four per cent less than usual and upto Rs 12 lakh will get three per cent exemption. Asking banks to take care of poor’s need, Mr Modi said. (AGENCIES)