A scheme designed to provide interest relief on bank loans for individuals aspiring to own homes in cities is scheduled to be launched in September. Union Housing and Urban Affairs Minister Hardeep Singh Puri announced that the specifics of the scheme are being finalized.
The initiative follows Prime Minister Narendra Modi's announcement during his Independence Day speech, targeting middle-class families without homes in urban areas. The program aims to assist families in rented homes, unauthorized colonies, and shanties, by offering substantial financial support to build their own houses. The impending launch addresses the dreams of urban middle-class families looking to own their homes.