Interest Subsidy Scheme for Housing the Urban Poor (ISHUP) has been designed for providing interest subsidy on housing urban poor to make the housing affordable and within the repaying capacity of EWS/LIG. The scheme encourages poor sections to avail of loan facilities through Commercial Banks for the purposes of construction of houses and avail 5% subsidy in interest payment for loans upto Rs. 1 lakh.
Loan will be available for construction of new houses. Loan repayment periods will be permissible generally ranging form 15-20 years. The subsidy will be 5% p.a. for EWS and LIG, admissible for a maximum loan amount of Rs. 1 lakh over the full period of the loan. Beneficiary borrowers may choose fixed or floating rates (the consequences clearly explained to the borrowers by PLIs).
Under the scheme, preference (subject to beneficiaries being from EWS/LIG segments) will be given to Scheduled Caste, Schedule Tribe, Minorities, Person with disabilities and women beneficiaries in accordance with their proportion in the total population of city/urban agglomerate during the 2001 census.
ISHUP Guidelines:
Popular Posts
-
History of Social Work Thanks: Thiru. S. Rengasamy, Lecturer, MISS, Tamil Nadu, India
-
THIS INDENTURE made at (name of City/Town/Village), this (date) day of (month) 19 (year), BETWEEN Mr./Mrs./Ms.______________________________...
-
Tamilnadu Vazhndhu Kaattuvom Project is an empowerment and poverty alleviation project implemented by the Rural Development and Panchayat Ra...
-
If you want something you never had, do something you have never don e........ As the new year blossoms, may the journey of your life be fra...
-
I. Summary A. Types of Organizations 1. Trusts Public...
-
Set up with financial resources contributed by Azim Premji, Chairman, Wipro Corporation, Azim Premji Foundation aims at making a tangible im...
-
Understanding the Narcissistic Phenomenon The so called ‘narcissistic personality disorder’ is a complex and often misunderstood diso...
-
Introduction A public charitable or religious institution can be f...
-
If you were given the task of setting up a new Human Resource Department in a small company where would you begin? Such a task would be extr...
-
Behavior Change Communication (BCC) is a tool for promoting and sustaining risk-reducing behavior change in individuals and communit...
Disclaimer:
This blog is designed to provide and encourage access within the social work community to sources of current and comprehensive information. Therefore, Indiansocialworker.blogspot.com itself places no restrictions on the use or distribution of the data contained therein.
Some Indiansocialworker.blogspot.com web pages may provide links to other Internet sites for the convenience of users. Indiansocialworker.blogspot.com is not responsible for the availability or content of these external sites, nor does Indiansocialworker.blogspot.com endorse, warrant, or guarantee the products, services, or information described or offered at these other Internet sites. Users cannot assume that the external sites will abide by the same Privacy Policy to which Indiansocialworker.blogspot.com adheres. It is the responsibility of the user to examine the copyright and licensing restrictions of linked pages and to secure all necessary permissions.
- Indian Social Worker Team
No comments:
Post a Comment