Scheme of Providing Loan for House Construction in the Rural Areas

- In the budget of 1997-98. the Central Finance Minister had declared that from August 15, 1997 a special scheme for house construction would be started in the rural areas.
- In this scheme which is prepared by the ational Housing Bank. a loan of Rs. 2 lakh can be provided for constructing a house on one's own land or for repairing an old house on the condition that the recipient of loan must contribute one-third amount of the total cost by his own sources.