https://www.taxtmi.com/news?id=2365 Cabinet expanded the 1% interest subvention scheme by increasing eligible housing loan limit to Rs.15 lakh where house cost does not exceed Rs.25 lakh, designating the National Housing Bank as nodal agency for both scheduled commercial banks and housing finance companies, and providing a budgetary allocation for the financial year to support implementation; the change raises the maximum per-borrower subsidy entitlement on a reducing-balance basis compared with the previous loan ceiling. en-us Tue, 25 Oct 2011 17:01:10 +0530 Tue, 25 Oct 2011 17:01:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2365 Cabinet expanded the 1% interest subvention scheme by increasing eligible housing loan limit to Rs.15 lakh where house cost does not exceed Rs.25 lakh, designating the National Housing Bank as nodal agency for both scheduled commercial banks and housing finance companies, and providing a budgetary allocation for the financial year to support implementation; the change raises the maximum per-borrower subsidy entitlement on a reducing-balance basis compared with the previous loan ceiling. News - Tue, 25 Oct 2011 17:01:10 +0530 https://www.taxtmi.com/news?id=2365