For all housing loans, a large portion of the initial repayment is made on the interest rate component. Since the State has offered to pay the interest, the bank has entered into a provision in the agreement that, on the last payment of the loan amount, the share of the interest is withheld and that, as soon as the State has paid the amount of the loan, it is returned to the beneficiary with interest. Inspired by Thrissur, other panchayats are in talks with cooperatives and banks planned to raise funds. M.P. Varghese, president of Mazhuvannur Panchayat in Ernakulam district and president of the Association of Ernakulam District Panchayat Presidents, said agreements will soon be signed with district cooperative banks. Mr Ramanunny, District General Manager Co-operative Bank, Thrissur, said: “Already 7,105 people in 51 village panchayats in the district have signed agreements. The total amount allocated under the program is Rs35.35 crore. The Kerala program aims to provide a home for 550,000 BPL families He said that certification of disability by medical bodies is now necessary for people with multiple disabilities. Others could obtain disability certificates from medical specialists at municipal health centres and Taluk hospitals. Persons with disabilities would be issued identity cards that could be used for different purposes. Kerala Finance Minister Thomas Isaac said housing schemes like this would boost business and the Union government should look into using the National Rural Employment Guarantee Scheme for such projects as it covers the GLP category and will also create jobs for the poor.

Panchayats` loans to Kerala will be between Rs 50,000 and Rs 1,000,000 per beneficiary, and the land government will pay a portion of the interest on local governments` share of state revenues, local government officials said. Lord. Muneer said ordinances had already been issued, increasing the fees of mayors, community presidents, Panchayat presidents and other officials by 1,000 rupees a month. This was an announcement in the revised budget for the current year. Kayamkulam: District cooperative banks that have made loans under the EMS Housing Scheme on a government basis still have to receive crores rupees as interest. Under the programme, the Land Government alone owes Rs 75 billion to district cooperative banks. Compared to district cooperative banks, primary cooperative banks had lent more money under the programme. However, there are estimates of the amount owed for primary cooperative banks. The official also said that the ministry is working on certain models to encourage the private sector to invest in low-cost housing. Following the Minister`s reply, the Assembly adopted the applications for grants totalling €613.90 billion. Applications for subsidies for the legislature, elections, stamps and registrations, finance and accounts, pensions and others, various economic services, information and publicity, compensation and assignments, and various credits and advances were guillotined.

. . .