Gujarat Extends Full Penal Interest Waiver for Housing Beneficiaries

Gujarat's state administration has decided to prolong the penal interest waiver scheme that eliminates all additional interest charges for individuals receiving housing assistance. The move aims to reduce the financial burden on beneficiaries and encourage timely loan repayments. Officials said the extension will apply to all current and future participants of the state's housing programs. The decision aligns with Gujarat's broader effort to make affordable housing more accessible. No further details on the duration of the extension were disclosed at the time of the announcement.