Sops for housing; interest subsidy to continue

The Finance Minister today gave a boost to the housing industry by increasing the loan amount that qualifies under priority sector lending. Now, a home loan of Rs. 25 lakh would qualify as priority sector lending. The previous limit was Rs. 20 lakh.
The FM has also extended the interest subvention (or subsidy) scheme for home loans up to Rs. 15 lakh for another year.