PURPOSE To enlarge coverage of those people who do not have the title deeds in their names and to redress the problem of Rural Housing through improved access to housing credit, which would enable an individual to construct a modest new house to improve or add to his existing dwelling unit in rural area. rural housing
ELIGIBILTY Such people, who are engaged in agriculture, Trade / business and services etc.
QUANTUM OF FINANCE Construction of House / Additional
Construction: maximum Rs.3,00,000/-
Repairs / Renovation : maximum Rs.50,000/-
MARGIN 25% of the project cost
RATE OF INTEREST 13.00% p.a.
REPAYMENT 5 to 7 years in monthly / Quarterly / Half Yearly equated installments depending on profession of the borrower.