Panel clears Rs 60,000 crore urban housing subsidy scheme

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In case of all schemes of the Central Government In case of all schemes of the Central Government

Where the budgetary allocation is in excess of Rs 500 crore. Where the budgetary allocation is in excess of Rs 500 crore.

The Centre will shortly roll out a new Rs 60,000 crore

Interest subsidy for the urban poor and middle class, sources said Interest subsidy for the urban poor and middle class, sources said

The scheme, which will run over five years

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will offer interest subvention of 3-6% per annum will offer interest subvention of 3-6% per annum