ECB Allowed for Low Cost Housing Rs. 4,000 Crore Allocated for Rural Housing Fund Indirect Finance Under Priority Sector Doubled.

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..... ECB Allowed for Low Cost Housing Rs. 4,000 Crore Allocated for Rural Housing Fund Indirect Finance Under Priority Sector Doubled. - News and Press Release Dated:- 16-3-2012 - News - Press Informati .....

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..... on Bureau Government of India Ministry of Finance 16-March-2012 14:11 IST ECB Allowed for Low Cost Housing Rs. 4,000 Crore Allocated for Rural Housing Fund Indirect Finance Und .....

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..... er Priority Sector Doubled Presenting the General Budget 2012-13 in LokSabha here today, ShriPranab Mukherjee, Finance Minister announced various majors for mitigating shortage of housing for low i .....

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..... ncome groups. The Finance Minister proposed allowing External Commercial Borrowings (ECB) for low cost affordable housing projects and setting-up of a Credit Guarantee Trust Fund to ensure improved fl .....

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..... ow of institutional credit for housing loans. The Finance Minister, Shri Mukherjee informed that provisions under the Rural Housing Fund are proposed to be enhanced from Rs. 3000 crore to Rs. 4000 c .....

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..... rore. He also proposed enhancement of limit of indirect finance under priority sector from Rs. 5 lakh to Rs. 10 lakh. The Finance Minister announced extension of the scheme of interest subvention of .....

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..... 1 percent on housing loan up to Rs. 15 lakh where the cost of the house does not exceed Rs. 25 lakh for another year. DSM/MV/LMP/54 - News - Press release - PIB Tax Management India - taxmanage .....

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..... mentindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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