New Government Incentives
- Two New schemes under PM Awas Yojna to provide 4% interest waiver on loan of upto Rs. 9 lacs and of 3% on loan upto Rs. 12 lacs
- 3% interest waiver on loan upto Rs. 2 lacs for houses in rural India.
- Government to pay interest for 60 days on loans taken by farmers for rabi season
- Banks to raise cash credit limit to small business to 25% from 20 % of annual turnover
- Government to stand guarantee for loans upto Rs. 2 Cr from current Rs. 1 Cr to SMEs - No collaterals needed
- 8% assured interest on bank fixed deposits of upto Rs. 7.5 lacs for 10 years for senior citizens 2.0