MOSCOW, January 29 (Sputnik) — In Russia’s republic of Mordovia, the birth of a fourth child will relieve the parents or guardians of their mortgage loan, reports Rossiskaya Gazeta.
The birth rate in Mordovia ranks last among the regions of Volga. However, over the past decade, the birth rate rose by 20 percent.
Under the 2003 legislation, if a couple has one or two children the sum of the loan is reduced by 10 percent. The birth of a third and fourth child reduces loan by 20 percent. The birth of fifth child writes off the loan completely.