The representatives of different banks operating in Hazaribagh district has decided to sanction loans to the beneficiaries of Prime Minister Housing scheme for economically weaker section of urban areas by August 15.
This decision was taken in the meeting held in Hazaribagh Municipal corporation meeting hall chaired by Mayor Anjali Kumari.
Talking to newsmen after the meeting Kumari said that credit limit subsidy scheme is a part of Prime Minister housing scheme.
Under this scheme there is provision of getting loan of up to rupees 6 lakhs to those whose annual income is less than three lakhs and between 3-6 lakhs.
The government will give a subsidy of Rs2.20 lakhs to the beneficiaries while they will have to return the rest amount to the banks with their current interest rate.
Anjali said that the beneficiaries will have to return the loan in a period of 15 years. In today’s meeting we discussed with the bank officials and handed over them the list of beneficiaries selected by Municipal Corporation. The bank officials had agreed to grant loans to the beneficiaries by 15th of August.
lead bank manager NK Singh said that the banks have decided to sanction loans to at least five selected beneficiaries selected by the composition.
We will soon identify the beneficiaries and will inform them about the bank branch from where their loan application will be entertained.
In this meeting representatives of Bank of India, State Bank of India, Punjab National Bank, Andhra Bank, Union Bank, Indian Bank, Canara Bank, Axis Bank, HDFC Bank, Allahabad Bank, Bank of Maharashtra were present along with officials of Hazaribagh Municipal Corporation.