He said that the objective of this partnership is to provide easy and convenient home finance solutions to the customers from the economically weaker section of the society.
co-lending structure of reserve Bank of India Provides a tool for banks and non-banks to collaborate, leverage their respective strengths to deliver an affordable solution to the underserved and under-served sections.
Speaking on the occasion, MD & CEO, UCO Bank Atul Kumar Goyal said, “Home loan penetration India Around 10 percent is the lowest globally.”
Pandemic induced demographic changes, initiatives taken by central and state governments like Pradhan Mantri The housing scheme, reduction in GST on affordable housing and reduction in stamp duty are expected to give impetus to the affordable housing sector, especially in Tier-II and smaller centres, he said.