Housing loan limit increased to Rs 10 lakhs for EWS
The Reserve Bank of India has doubled the limit for home loans to Rs 10 lakh for consideration under priority sector lending.
This decision will encourage the EWS people for buying housing properties in India .
In a notification RBI ordered to extend the bank loan limit to non-governmental agencies for the purpose of construction or reconstruction of individual dwelling units or for slum clearance and rehabilitation of slum dwellers.
Slum clearance and rehabilitation of slums units will be taken under priority by the government.
More related stories:
Government emphasizing on Affordable Housing Scheme
HUDA pressurized over removal of slums in Gurgaon
Source: Economic Times
home loan, housing properties in India, RBI, rehabilitation of slum, Reserve Bank of India, Slum, slum clearance
