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This is an archive article published on January 2, 2017

Prakash Javadekar lauds interest rate cut move

The Union HRD Minister said the reduction of interest rates will help poor, middle class and small businesses

Prakash Javadekar, javadekar, HRD minister, union human resource development minister, 110th convocation ceremony, Savitribai Phule Pune University, SPPU, digital classes, international standards, international standard labs, pune news, indian express news HRD Minister Prakash Javadekar

Union Minister Prakash Javadekar on Sunday lauded the interest rate cut move saying it would bring relief to poor and middle classes as EMIs would come down.

“Interest rate cut is a welcome news. Nearly 2 per cent cut in 30 months will bring down EMIs. This is yet another 2017 new year gift,” Javadekar said in a post on twitter.

The Union HRD Minister said the reduction of interest rates will help poor, middle class and small businesses. It’s bonanza for affordable housing, he added.

“Interest rates cut with interest subsidy of 3-4 per cent will boost affordable housing and will help in realisation of dreams of millions of poor,” he said in another tweet.

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