New Home Loan Subsidy Plan Approved by Government
December 11, 2024
The Cabinet has approved a plan to subsidize home loans aimed at supporting households facing financial difficulties due to rising interest rates and inflation. Applications for the subsidy will be accepted from January 2, 2025, for a two-month period. Eligible individuals must meet specific criteria, including income limits and types of loans. The plan is set to be funded from the General Accounting Office's budget until 2027.