Friday, November 30, 2018

India's National Housing Bank provides $463 mln subsidy to low income home buyers

India’s National Housing Bank (NHB) said on Wednesday that it had provided an interest subsidy of 32.70 billion rupees ($463.3 million) to more than 143,000 households up to Nov. 28 this year.

The subsidy, which was given for the first five months of 2018-2019 financial year, is part of a government initiative aimed at offering affordable mortgage loans to middle and lower income groups, including economically weaker sections. Read More