by The Kerala government has launched an innovative loan scheme, known as Project Merry Home, aimed at providing financial assistance to disabled individuals in the state who wish to build their own homes. This initiative offers loans of up to 50 lakh rupees at an incredibly low interest rate of just 6 percent. This document provides an overview of the scheme and its benefits, ensuring disabled individuals have access to affordable housing options.
Loan Details:
Under Project Merry Home, disabled people residing in Kerala can apply for loans up to 50 lakh rupees to construct their dream homes. This substantial loan amount ensures that individuals have the necessary funds to build houses that meet their specific requirements and needs.
Low-Interest Rates:
One of the most significant advantages of this loan scheme is the incredibly low interest rate of just 6 percent. This rate is considerably lower compared to other financial institutions, ensuring that disabled individuals can borrow money at affordable terms. The reduced interest rate helps to alleviate the financial burden on borrowers and enables them to repay the loan comfortably.
Eligibility Criteria:
To be eligible for the Project Merry Home loan scheme, individuals must meet certain criteria. Specifically, disabled individuals who lack the financial means and imagination to build their homes can apply for this loan. The scheme aims to empower disabled individuals by providing them with the necessary resources to realize their housing dreams.
Application Process:
Applying for the Project Merry Home loan is a straightforward process. Disabled individuals can visit the official website of the Kerala government’s housing department to access the application form. Alternatively, they can also visit the nearest government office to obtain the necessary documents and receive assistance in completing the application.
Benefits for Disabled Individuals:
Project Merry Home offers several benefits to disabled individuals in Kerala. Some of the key advantages include:
1. Financial Assistance: Disabled individuals who struggle to secure funds for constructing their homes can now benefit from this loan scheme. The loan amount, up to 50 lakh rupees, will help them finance their dream house. 2. Affordable Interest Rates: The significantly low interest rate of just 6 percent ensures that disabled individuals can comfortably repay the loan without facing exorbitant interest charges.
Conclusion:
Project Merry Home, initiated by the Kerala government, aims to provide financial support to disabled individuals who wish to build their own homes. Through this loan scheme, individuals can access loans of up to 50 lakh rupees at an attractive interest rate of just 6 percent. By offering affordable housing solutions, the Kerala government is working towards ensuring that disabled individuals have equal opportunities to own their dream homes. To learn more about Project Merry Home, please watch the video below.
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