“Housing for all” by 2022 is the initiative of the government and real estate sector has been shaken by it.
Buying a home has become more favorable than ever before. The Pradhan Mantri Awas Yoajana, introduction of MCLR and revised EPFO has been tweaked in favor of borrowers and they can now easily avail Home Loans or Land Purchase loans.
There are some amendments made to the Provident Fund Scheme. Core subscribers take it as a boon on them as they are now required to pay their equated monthly installments. Their funds have better use now towards purchase of land or construction of houses. These changes form a part of the agenda of the government which desires to achieve it by 2022.
The body Employee’s Provident Fund Organization or EPFO handles retirement funds. There are certain things which you may like to know about the changes in the rules of EPFO, they are in the following:
There is much more to it, if you like to know more please read here:
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.