Sriram Kalyanaraman, MD & CEO at National Housing Bank says that the people in middle income group (MIG) who have income between Rs 12 lakh and Rs 18 lakh will be eligible for a subsidy on home loan for amounts of Rs 9 lakh and Rs 12 lakh. This is a historic step as the middle income group has never been covered by a government subsidy, adds Mr Kalyanaraman.
