The Centre on Friday said it was in the process of finalising a scheme providing relief in interest rates on loans from banks to construct houses in urban areas. The programme was announced by Prime Minister Narendra Modi during his Independence Day address.
“We are in the process of finalising details of the new home loans scheme. Let the Cabinet approve it,” Union Urban Affairs Minister Hardeep Singh Puri said during a media interaction here.
The scheme aims to help urban poor build houses in cities. They will be provided with relief in interest rates and loans taken from banks to construct homes.
