Rajiv Rinn Yojana(RRY) for Housing interest subsidy


Ministry

Ministry Of Housing & Urban Poverty Alleviation

Description

The RRY scheme is launched as an interest subsidy scheme for Housing as an instrument to address the housing needs of Economically Weaker Sections (EWS) and Low-Income Groups (LIG) segments in urban areas, through enhanced credit flow.

Sponsored By

Central Government of India

Objective

Interest subsidy to address the housing needs of EWS and LIG segments in urban areas, through enhanced credit flow

Eligibility

The beneficiaries, designated as Below Poverty Line (BPL), EWS or LIG may directly approach Banks/Housing Finance Corporations, collectively called Primary Lending Institutions (PLI), for availing benefit under the scheme.

Beneficiaries

Benefits

RRY provides for interest subsidy of 5% (500 basis points) on loans granted to Economically Weaker Section (EWS) and Low-Income Group categories to construct their houses or extend the existing ones.

How To Apply

A Udyami Helpline: Dial 1800-180-6763 [Toll Free Number] for queries relating to this Schemes.

Approach to banks Or housing finance corporations

Status

Active

Sector

Housing & Urban Poverty Alleviation



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