6 days ago
Gujarat Extends Rural Housing Penal Interest Waiver Through January 2027
The Gujarat government is giving some rural homeowners more time to pay money they still owe.
They only need to pay the original amount, called the principal, and do not have to pay the extra penalty interest.
The new deadline is January 31, 2027.
In the first part of the program, 2,988 people paid Rs 10.57 crore.
Together, they avoided paying Rs 39.51 crore in penalty interest.
The people who completed their payments received certificates showing that their loans were cleared.
The program is for beneficiaries of several Gujarat Rural Housing Board housing schemes.
The government says the extension will help people who missed the first phase.
More than 9,000 rural families could benefit from the broader scheme.
Gujarat extended its 100% penal-interest waiver for Rural Housing Board beneficiaries until January 31, 2027.
Eligible beneficiaries must clear their outstanding principal amount to receive the waiver.
In the first phase, 2,988 beneficiaries paid Rs 10.57 crore through 22 district-level recovery camps.
The beneficiaries collectively received Rs 39.51 crore in waived penal interest and were issued Loan Clearance Certificates.
The scheme covers EWS, LIG, MIG, Competitive (Composite), and Cash Loan housing schemes.
- Who
- The Gujarat government and beneficiaries of Gujarat Rural Housing Board housing schemes.
- What
- A 100% waiver of penal interest has been extended for beneficiaries who clear their outstanding principal amount.
- Where
- The scheme applies to housing projects of the Gujarat Rural Housing Board; recovery camps were held at the district level in Gujarat.
- When
- The extended deadline is January 31, 2027.
- Why
- The extension is intended to give beneficiaries who missed the first phase more time to settle their principal dues and claim the waiver.
Key facts
- Extended deadline
- January 31, 2027
- Penal-interest waiver
- 100% of accrued penal interest
- First-phase beneficiaries
- 2,988
- Principal paid
- Rs 10.57 crore
- Penal interest waived
- Rs 39.51 crore
- Recovery camps
- 22 district-level camps
- Potential broader reach
- More than 9,000 rural families
Quotes
Gujarat Rural Housing Board
The state housing board administering the penal-interest waiver scheme
“After making the required payments, all 2,988 beneficiaries who availed themselves of the scheme were issued Loan Clearance Certificates.”
thehansindia.com









