Page 14 - Digi Note : 23rd-28th November (General Awareness)
P. 14
Housing for All scheme to come with cheap power and
water
The Centre plans to provide more funds for construction of houses in
rural areas as part of its ambitious programme to provide shelter for
all in the next few years and to bundle this with amenities such as
cheap power, water and construction labour.
Around 30 million houses are planned under the prime minister’s
Housing for All scheme in rural areas, each a minimum size of 250 sq
ft. It will include the existing Indira Awas Yojana (IAY) and the per unit
subsidy for construction will be also raised.
At present under IAY, the money allotted for building one house is ₹
70,000 in the plains and ₹ 75,000 for hilly and difficult areas, found to
be substantially inadequate.
Bandhan Bank starts disbursing loans
The bank is offering retail, small and medium enterprises, and
agriculture loans. Housing loans have been capped at ₹ 1,5 lakh
commercial vehicle loans at ₹ 1,0 lakh and loans to small and mediu
m enterprises at ₹ 2,5 lakh.
All loans are linked to the base rate, which is set at 12 per cent, much
higher than most banks.
The bank was launched on August 23.
water
The Centre plans to provide more funds for construction of houses in
rural areas as part of its ambitious programme to provide shelter for
all in the next few years and to bundle this with amenities such as
cheap power, water and construction labour.
Around 30 million houses are planned under the prime minister’s
Housing for All scheme in rural areas, each a minimum size of 250 sq
ft. It will include the existing Indira Awas Yojana (IAY) and the per unit
subsidy for construction will be also raised.
At present under IAY, the money allotted for building one house is ₹
70,000 in the plains and ₹ 75,000 for hilly and difficult areas, found to
be substantially inadequate.
Bandhan Bank starts disbursing loans
The bank is offering retail, small and medium enterprises, and
agriculture loans. Housing loans have been capped at ₹ 1,5 lakh
commercial vehicle loans at ₹ 1,0 lakh and loans to small and mediu
m enterprises at ₹ 2,5 lakh.
All loans are linked to the base rate, which is set at 12 per cent, much
higher than most banks.
The bank was launched on August 23.
