6 days ago

Gujarat Extends Rural Housing Penal Interest Waiver Through January 2027

Gujarat Extends Rural Housing Penal Interest Waiver Through January 2027
Gujarat extends penal interest waiver for rural housing beneficiaries till Jan 31 · thehansindia.com

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.

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

Sources

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