'Mo Ghara' housing scheme launched by Odisha

Tags: Government Schemes State News

The Odisha government launched the 'Mo Ghara' (My Home) housing scheme on May 29, 2023.

An Overview of the News

• The scheme provides credit-linked financial assistance to economically and socially weaker families and the scheme is fully funded from the state budget.

• Applications for the loan will open from June 15, 2023 and the scheme covers families who were earlier excluded from the housing schemes.

• Beneficiaries can avail housing loans up to Rs.3 lakh.

• The state government waives off registration fee, stamp duty and processing fee for bank loan approval.

• The 'Mo Ghara' housing scheme is in addition to the Biju Pakka Ghar Yojana (BPGY) and Pradhan Mantri Awas Yojana-Gramin.

About Odisha

Capital - Bhubaneswar

Governor - Ganeshi Lal

Chief Minister - Naveen Patnaik