PM announces new home loan scheme
Prime Minister Manmohan Singh has announced the launch of a home loans scheme – Rajiv Housing Loan Scheme. It will provide interest subsidy on home loans of less than 5 lakh.
The new housing loans scheme is aimed at the urban poor of the country. The new scheme was announced on Independence Day.
The PM also announced that soon all households in the country will benefit from banking services and that a banking system is in the pipeline in which money from government programmes will be directly deposited to the respective person’s account.
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