21 March 2018 Current Affairs: India's largest lender State Bank of India SBI and India Mortgage Guarantee Corporation (IMGC) signed a pact to offer mortgage guarantee scheme for prospective non-salaried and self-employed home loan customers.
The offering will help increase home loan eligibility up to 15% within the regulatory norms.
The MoU between SBI and IMGC is a strategic initiative which will enable to improve housing loan volumes in the non-salaried segment.
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