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Gujarat CM Bhupendra Patel Grants Rs 154 Crore Interest Waiver for Rural Homeowners

Gujarat Chief Minister Bhupendra Patel has announced a major relief measure, waiving the 2% penalty interest for beneficiaries of rural housing schemes who repay their principal within six months. This one-time waiver scheme will provide approximately Rs 154 crore in relief to about 9,029 rural families, enabling them to become full homeowners. The decision was made in response to representations from beneficiaries who could afford the principal but not the penalty interest. Earlier, the CM met with Rear Admiral Sritanu Guru to discuss maritime security, commending his service in the Indian Navy.

Key Points: Gujarat CM Waives Penalty Interest for Rural Housing Beneficiaries

  • Rs 154 crore penalty interest waived
  • Relief for 9,029 rural families
  • 6-month repayment window for principal
  • Decision follows beneficiary representations
  • Naval meeting on maritime security
2 min read

Rear Admiral Sritanu Guru meets Gujarat CM

Gujarat CM Bhupendra Patel announces a Rs 154 crore penalty interest waiver for 9,029 rural families under housing schemes, following a meeting with Rear Admiral Sritanu Guru.

"those who repay the entire outstanding principal amount within 6 months will be exempted from the recovery of 2% penalty interest - Gujarat Government release"

Gandhinagar, January 24

Rear Admiral Sritanu Guru, Flag Officer Commanding Gujarat Daman and Diu Naval Area, paid a courtesy visit to Chief Minister Bhupendra Patel in Gandhinagar.

The Chief Minister commended his distinguished service in the Indian Navy and discussed maritime security with him.

Sanjeev Kumar, Principal Secretary to the Chief Minister, was also present.

Meanwhile, Chief Minister Bhupendra Patel has taken a significant and compassionate decision in the broader interest of beneficiaries of the Gujarat Rural Housing Board's housing schemes in the rural regions of the state.

As per this decision, beneficiaries in rural areas who are willing to repay the full principal amount but are unable to afford the monthly two per cent penalty interest will be provided relief.In response to representations made by such beneficiaries, CM has issued directives that those who repay the entire outstanding principal amount within 6 months will be exempted from the recovery of 2% penalty interest under a one-time interest waiver scheme.

As a result of this decision, around 9,029 rural families will benefit, receiving relief of a substantial penalty interest amount totalling approximately Rs 154 crore.

Additionally, these rural families will receive the right to own houses, thereby becoming homeowners in the true sense, a release said.

The vision of Prime Minister Narendra Modi to ensure that every needy citizen has a roof of their own will be fulfilled for rural families of the state through this people-centric decision of Chief Minister Bhupendra Patel, the release said. Gujarat Housing Board came into existence on 1st May 1960 as a result of the bifurcation of Bombay State and the Bombay Housing Board and the inclusion of Saurashtra Housing Board, as per the Gujarat Housing Board Act, 1961.

Gujarat Slum Clearance Board was merged with effect from 1/04/2007 as the Slum Cell. Besides the Head office in Ahmedabad, GHB has several other offices across Gujarat.

- ANI

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Reader Comments

P
Priya S
Good to see our naval officers and state leadership collaborating on security. Maritime security is crucial for a coastal state like Gujarat. Respect to Rear Admiral Guru for his service.
A
Aman W
While the housing relief scheme is commendable, I hope the implementation is smooth and reaches the intended beneficiaries without bureaucratic delays. Often, good policies get stuck in red tape.
R
Rohit P
Two important developments in one report. Strengthening coastal defense and providing housing relief. This is what governance should be about - security and welfare. Gujarat leading the way.
M
Meera T
A roof over one's head is a fundamental need. This decision aligns with the PM's vision of 'Housing for All'. More states should adopt such pragmatic solutions to help honest people trapped by interest burdens.
D
David E
Interesting to see the dual focus here. The naval meeting shows strategic priorities, while the housing waiver addresses a very real socio-economic issue. A balanced approach to governance.

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