Bhopal
After 5 years, the federal government is as soon as once more going to offer curiosity grant facility to MLAs for taking loans for automobiles and housing. Now this quantity was but to be 15 lakh for the automobile and 25 lakh for housing. It’s being doubled, however has created two classes in curiosity grant. The federal government will give solely two % curiosity grant for greater than 15 lakh automobiles and greater than 25 lakh homes. The remaining curiosity should be repaid by the MLA himself. If a automobile or housing of lower than this quantity is taken, then 4 % curiosity should be paid to the MLA and the federal government can pay the remaining.
Proposal shall be offered to the cupboard
The Finance Division has agreed with the modification of the proposal of the Parliamentary Affairs Division. It would now be offered earlier than the cupboard for the ultimate resolution. The elected members for the sixteenth Meeting (December 2023-2028) had been demanding for a very long time to revive the power of curiosity grant on automobiles and housing loans. Meeting Speaker Narendra Singh Tomar additionally agreed and mentioned with Chief Minister Dr. Mohan Yadav. The member facility committee despatched the proposal to the Division of Parliamentary Affairs, which was despatched to the Finance Division with the approval of Departmental Minister Kailash Vijayvargiya. The quantity of auto mortgage shall be Rs 25 lakh instead of 15 lakhs and the quantity of housing mortgage shall be Rs 50 lakh instead of 25 however curiosity grant shall be obtainable in two classes.
Two % curiosity grant shall be obtainable
The division believes that individuals taking greater than 15 lakh automobiles and greater than 25 lakh homes may pay curiosity, so solely two % curiosity grant shall be given to such MLAs. They should pay the remaining curiosity. If much less mortgage is taken, the MLA should pay 4 % curiosity as earlier than and the federal government can pay the remaining quantity. Now this proposal shall be offered within the cupboard assembly for the ultimate resolution. It’s noteworthy that because of the Korona epidemic within the fifteenth meeting, the federal government had put a brake on the scheme.