The Government employees in Bihar would now be able to borrow a home loan upto 30 lacs at an interest rate of 8%., the Deputy Chief Minister of Bihar Mr. Sushil Kumar Modi made the announcement.
He said that the Government would become guarantor for the home loan and if any borrower defaults then the amount would automatically be deducted from the salary of the employee and will be paid a s the EMI for his loan.
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