Scheme of 1% interest subvention on housing loans upto Rs. 10 lakh - Guidelines - ਆਰਬੀਆਈ - Reserve Bank of India
Scheme of 1% interest subvention on housing loans upto Rs. 10 lakh - Guidelines
RBI/2011-12/255 November 4, 2011 The Chairman / Managing Director Madam/ Dear Sir, Scheme of 1% interest subvention on housing loans upto Rs. 10 lakh – Guidelines Please refer to our circular RPCD.SME & NFS. BC. No. 62/06.11.01/2010-11 dated April 21, 2011 on the captioned subject. In this connection, it is now clarified as under:
Banks may continue to claim reimbursement, at present, as per the original Scheme. For claims in respect of the new Scheme, revised instructions would follow. 2. All other terms and conditions of the interest subvention Scheme remain the same. 3. Please acknowledge receipt. Yours faithfully, (C.D.Srinivasan) |