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VIJAYAWADA: Chief Minister Y.S. Jagan Mohan Reddy has released Rs 46.90 crore towards reimbursement of interest for 4,07,323 beneficiaries who had availed housing loans from banks under the.
As banks are providing housing loans at nine to 11 per cent interest rates, the state government has decided to reimburse interest over and above three per cent to reduce the financial burden of the beneficiaries.
In an unprecedented manner, the Andhra Government has distributed 31.19 lakh house site pattas to the poor and more than 22 lakh houses are under construction, he said, adding that 8.6 lakh houses have been handed over to the beneficiaries.