3% interest waiver on ₹2L loans for constructing rural homes
PM Narendra Modi on Saturday said the government will waive off 3% interest on loans up to ₹2 lakh taken for construction, repair, and renovation of houses in rural areas. Poor and middle-class citizens will get a 4% interest waiver on loans up to ₹9 lakh, and a 3% exemption on loans below ₹12 lakh, PM Modi added.