Increase in limit of bank loans extended to non-governmental agencies approved by NHB

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Priority Sector Lending-Indirect Finance to Housing Sector: Vide its Circular RBI/2011-12/527 RPCD.CO RRB. BC.NO.74 /03.05.33/2011-12 dated April 27, 2012, the RBI has decided to increase the limit from Rs.5 lakh to Rs.10 lakh for the bank loans extended to non-governmental agencies, approved by NHB for their refinance, for on-lending for the purpose of construction/reconstruction of individual dwelling units or for slum clearance and rehabilitation of slum dwellers.

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