What is the maximum amount of home loan the eligible beneficiaries can get under the ‘Mo Ghara’ scheme launched by the Government of Odisha in May 2023?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Up to ₹3 lakh .
Under the ‘Mo Ghara’ (My Home) scheme launched by the Government of Odisha in May 2023, eligible beneficiaries can avail a housing loan of up to Rs 3 lakh, repayable over a period of 10 years (with a 1‑year moratorium).
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Beneficiaries can choose from four loan slabs: ₹1 lakh, ₹1.5 lakh, ₹2 lakh, and ₹3 lakh.
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Hence, the maximum amount permitted under the scheme is ₹3 lakh.