Govt extends loan subsidy for first-time homebuyers

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NEW DELHI: The government on Monday extended the interest subsidy scheme till March 2020 for first time urban homebuyers who have annual annual income between Rs 6 lakh and Rs 18 lakh.

  • The Times of India
  • TNN

This will enable new home buyers to avail up front financial assistance of about Rs 2.5 lakh from the central government, which they can use for down payment while booking, construction or re-purchasing the flat.

Announcing this Union housing minister Hardeep Singh Puri said, “The growth and performance of credit linked subsidy scheme (CLSS) for middle income group has been very good and we are on…

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