RBI revises upwards housing loan limits under priority sector

Posted on:23 Jun 2018 09:00:02
RBI revises upwards housing loan limits under priority sector
23 June 2018 Current Affairs: The housing loan limits for eligibility under priority sector lending will be revised to Rs 35 lakh in metropolitan centres Rs 28 lakh earlier (with population of ten lakh and above), and to Rs 25 lakh from Rs 20 lakh earlier in other centres, provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed Rs 45 lakh and Rs 30 lakh, respectively.

The existing limit for family income of Rs 2 lakh per annum for loans to housing projects for home construction economically weaker sections and low income groups, is revised to Rs 3 lakh per annum and Rs 6 lakh per annum respectively in alignment with the income criteria specified under the Pradhan Mantri Awas Yojana.
The housing loan limits for eligibility under priority sector lending will be revised to Rs 35 lakh in metropolitan centres Rs 28 lakh earlier (with population of ten lakh and above), and to Rs 25 lakh from Rs 20 lakh earlier in other centres, provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed Rs 45 lakh and Rs 30 lakh, respectively.

The existing limit for family income of Rs 2 lakh per annum for loans to housing projects for home construction economically weaker sections and low income groups, is revised to Rs 3 lakh per annum and Rs 6 lakh per annum respectively in alignment with the income criteria specified under the Pradhan Mantri Awas Yojana.

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