Cabinet approved a new scheme for promotion of Rural Housing in the country. The Government will provide interest subsidy under the scheme. Interest subsidy will be available to every rural household who is not covered under the Pradhan Mantri Aawas Yojana (Grameen), PMAY(G). <br/><br/>The scheme will enable people in rural areas to construct new houses or add to their existing pucca houses to improve their dwelling units. The beneficiary who takes a loan under the scheme would be provided interest subsidy for loan amount upto 2 Lakhs rupees. National Housing Bank would implement the scheme. <br/><br/>Under the scheme, the Government will also take necessary steps for proper convergence with PMAY-G including technical support to beneficiary through existing arrangements. The new scheme is expected to improve housing stock in the rural areas, as well as create employment opportunities in rural housing sector.