M Pallonji

Housing loans

For lower and middle income Parsis seeking affordable housing, the Pradhan Mantri Awas Yojana (PMAY) "Housing for all by 2022” scheme offers borrowers a low interest rate of  6.5% on loans with three to four percent interest subsidy, notes a write-up from the communications department of the Housing Development Finance Corporation (HDFC) Limited. Under the economically weaker section (EWS) and low income group (LIG) categories, those eligible have to be within an annual income of three to six lakh rupees (USD 4,008 to 8,016) for loans up to three to six lakh rupees and for the middle income group (MIG)......



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