Thiruvananthapuram, Nov 30: Public sector lender State Bank of Travancore has launched a new scheme to provide housing loan for poorer sections dwelling in urban areas of the country.
Titled “Housing for All (Urban): Mission 2022”, the scheme aims to provide affordable housing to the families belonging to the economically weaker section and low income group in urban areas of India.
The loan is expected to go a long way in accomplishing the Centre’s target of providing ‘pucca’ residential houses for all urban Indian families by the year 2022, the bank said.
The scheme also upholds the spirit of ‘Swachh Bharat Mission’ by insisting on a ‘Toilet’ in every house that is built under the scheme.
The new scheme would be applicable in all the statutory towns of India as per the census of 2011, it said.
The loans would be available for beneficiaries in two segments – for those with household annual income of up to Rs three lakh under economically weaker sections and those with household annual income between Rs 3,00,001-Rs 6,00,000 under low income group.
