Modi govt considering Rs 600 billion home loan interest subsidy scheme- govt sources
NEW DELHI/MUMBAI, Sept 25 (Reuters) – The Narendra Modi government is considering spending 600 billion rupees to provide subsidised loans for small urban housing over the next five years, two government sources told Reuters. Banks are likely to roll out the scheme in a couple of months, ahead of key state elections later this year and general elections due in mid-2024. Last month, the South Asian country cut cooking gas prices for households by about 18% to rein in inflation ahead of elections. Prime Minister Narendra Modi announced the plan in a speech in August to mark the country’s Independence