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