Interest Sops on Home Loans
The government, in the Budget of 2009-10, announced a scheme of one per cent interest subvention in respect of individual housing loans up to Rs 10 lakh, provided the cost of unit does not exceed Rs 20 lakh. The scheme was valid till September 30, 2010, with an initial allocation of Rs 1,000 crore. During [...] Continue Reading »
The Reserve Bank of India on Tuesday said Non-Resident Indian (NRI) would not be eligible for incentives on interest on home loans of up to Rs 10 lakh. The central bank said in a notification. The central bank said the notification follows the recent clarifications issued by the government. The government, in the Budget of [...] Continue Reading »
