Odisha government announces ‘Mo Ghara’ housing scheme

Odisha government announces ‘Mo Ghara’ housing scheme

Daily Current Affairs   /   Odisha government announces ‘Mo Ghara’ housing scheme

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Category : State Published on: June 01 2023

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  • The scheme will cover all such families who were left out in the existing housing schemes either due to stringent eligibility criteria or insufficient allocation
  • In a major relief to economically and socially weaker households, the Odisha Government on 29 May 2023 announced the launch of ‘Mo Ghara’ (My House) to provide credit-linked financial assistance to beneficiaries who face fund crunch to complete or upgrade their houses.
  • Under the scheme, a beneficiary can avail housing loan of up to Rs. 3 lakh which can be repaid in 10 years excluding 1 year moratorium period in easy installments.
  • Beneficiaries from the scheduled caste, scheduled tribe, or a person with disabilities will get up to ₹40,000 financial assistance for every ₹1 lakh loan to build or expand their house while others can get up to R 30,000 financial assistance.
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