What is the maximum amount of home loan the eligible beneficiaries can get under the ‘Mo Ghar’ scheme launched by the Government of Odisha in May 2023?

Correct option is C

The correct answer is C) Upto ₹3 lakh.

Explanation:
The Mo Ghar scheme, launched by the Government of Odisha in May 2023, aims to provide affordable home loans to eligible beneficiaries to help them build or repair their homes. Under this scheme, the maximum loan amount that eligible individuals can avail is ₹3 lakh. The government will provide financial assistance to lower-income families to improve their living conditions and support the state's goal of housing for all.

Information Booster:

• The Mo Ghar scheme is part of the state's housing development initiative to ensure that people in rural and urban areas have access to better housing.
• Eligible beneficiaries include low-income and marginalized sections of society, including farmers, self-employed individuals, and daily wage earners.
• The scheme provides low-interest loans, with long repayment tenure and subsidies to make home construction more affordable.
• The initiative aligns with the Pradhan Mantri Awas Yojana (PMAY) and supports the government's goal of providing affordable housing across India.

• Mo Ghar Scheme: Launched by the Odisha government, this scheme emphasizes the improvement of living standards by facilitating homeownership in the state. The scheme also promotes economic empowerment by providing access to financial support for constructing homes.

• Pradhan Mantri Awas Yojana (PMAY): The PMAY is a central government scheme aimed at providing affordable housing to the poor in both urban and rural areas. It offers interest subsidies on home loans for economically weaker sections.