Uplifting news for individuals who are intending to assemble or purchase another home as the First Home Grant Assistance Program will proceed in the following monetary year.
334 families have been helped under the Program in the 2020-2021 monetary year where 183 families got the award to build their first home, 112 families got the award to buy their first homes and 40 families got the award to buy their first land.
While talking in the Virtual Public National Budget Consultation from Singapore, Minister for Economy Aiyaz Sayed-Khaiyum affirmed that the program has been functioning admirably and they will proceed with it.
Sayed-Khaiyum adds they have affirmed some new applications which have not been supported at this point in light of the fact that the subsidizes that was dispensed has been utilized because of the enormous interest.
He says they have redistributed assets and has guaranteed individuals that these applications will be supported in this monetary year.
Sayed-Khaiyum says it is fascinating to take note of that 183 new homes were assembled which is the thing that they needed in light of the fact that more development work implies more positions made for Fijians.
2,978 Fijians have been helped since the initiation of the program in 2014 with an absolute payout in overabundance of $28.6 million.
The complete compensation out for this monetary year is in overabundance of $5 million.
Individuals who procure $50,000 or less and are building their first home are qualified for an award of $30,000. They will get $15,000 on the off chance that they purchase their first home.
Individuals procuring above $50,000 yearly can be allowed $20,000 to fabricate their first home or $5,000 to purchase their first home.