›Difficulty in identification of borrowers and delay by PSBs led to poor performance of rural poor to the scheme, the rural development ministry said.
Difficulty in identification of borrowers and delay by PSBs led to poor performance of rural poor to the scheme, the rural development ministry said.
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Difficulty in identification of borrowers and delay by PSBs led to poor performance of rural poor to the scheme, the rural development ministry said.By
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“Total subsidy disbursed under the scheme till January 14, 2021 is Rs 12.20 crore as against the initial allocation of Rs 48.54 crore for the scheme on July 31, 2019,” rural development minister Narendra Singh Tomar said in response to a question in Lok Sabha on Tuesday.
Government ropes in Nabard & Hudco to revive rural housing scheme
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The Rural Housing Interest Subsidy Scheme has managed to spend barely around Rs 10 crore till this week, out of around Rs 50 crore released mid-2019, with roughly 9,000 beneficiaries. It marks a setback for government expectations, evident from the fact that the rural development ministry had earmarked Rs 100 crore for 2020-21.
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(This story originally appeared in on Dec 17, 2020)NEW DELHI: The scheme to provide interest subvention to the rural homeless poor has failed to make a mark with weak response to loans and poor utilisation of funds, prompting the government to seek its revival by roping in two financial institutions with strong rural network.
NEW DELHI: The scheme to provide interest subvention to the rural homeless poor has failed to make a mark with weak response to loans and poor utilisation of funds, prompting the government to seek its revival by roping in two financial institutions with strong rural network.
The Rural Housing Interest Subsidy Scheme has managed to spend barely around Rs 10 crore till this week, out of around Rs 50 crore released mid-2019, with roughly 9,000 beneficiaries. It marks a setback for government expectations, evident from the fact that the rural development ministry had earmarked Rs 100 crore for 2020-21. Sources said the current year allocation is redundant now given the abysmal expenditure.