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AFFDF-Financial Assistance as interest Subsidy on Home Loan to ESM

  • Background

    Under the Scheme, interest paid on loan from banks for construction of house is reimbursed to War Bereaved, War Disabled and Attributable Peace time casualties. This scheme was started before 1991 with upper limit of Rs 70,000/- for eligibility of the grant of interest subsidy, even though the loan taken might be higher. 50% of the interest charged by the banks or Govt/Public Sector including LIC,GIC and HUDCO would be reimbursable as interest subsidy. This was revised in May 1991 with the upper limit of Rs 1,00,000/-.

    Present Scheme

    The financial assistance is limited to the interest paid on the loan limit of Rs 1,00,000/- for eligibility of the interest subsidy, even though the loan taken may be of a higher amount . 50% of the interest charged by the banks or Govt/Public Sector including LIC, GIC and HUDCO would be reimbursable as interest subsidy.

    Number of Beneficiaries and Amount Disbursed

    The number of beneficiaries and the amount disbursed during last three years under the above scheme is as under:-

    Financial Year Total No of beneficiaries Total Amount Disbursed in Rs
    2017-18 - -
    2018-19 - -
    2019-20 - -

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