The President of the Republic announced the new measures against inflation through a televised message. Here is his message:Fellow citizens,Being well aware of the challenges faced by households and businesses in October 2023, we announced a comprehensive support package totalling 196 million euros,
The scheme will offer an annual interest subsidy of between 3-6.5 per cent on up to 0.9 million rupees of the loan amount, , Housing Loan Interest Subsidy Scheme
Housing Loan Interest Subsidy Scheme: Banks are likely to roll out the scheme in a couple of months, ahead of key state elections later this year and general elections due in mid-2024. Last month, the South Asian country cut cooking gas prices for households by about 18% to rein in inflation ahead of elections.