Kerala Govt Approves ₹1,500 Crore Loan for LIFE Mission Housing
THIRUVANANTHAPURAM: On Wednesday, the state cabinet granted in-principle approval to secure a loan of ₹1,500 crore from Hudco, guaranteed by the government, through KURDFC for the LIFE Mission housing initiative. Of the total ₹1,500 crore, ₹1,100 crore will fund the construction of 127,601 houses, while ₹400 crore will be allocated for housing assistance to Scheduled Caste and Scheduled Tribe beneficiaries in gram panchayats where they make up the majority of the LIFE list. The borrowing will occur over two years, with ₹750 crore earmarked for each of the fiscal years 2025-26 and 2026-27. The loan will be repaid over 15…