Fincare Small Finance Bank (FSFB) today announced that it signed a MoU with the National Housing Bank (NHB) to facilitate the credit linked subsidy for eligible borrowers. The Pradhan Mantri Awas Yojana (PMAY) Scheme under Ministry of Housing and Poverty Alleviation, is a critical program which the Government of India (GOI) is implementing in Mission-mode.
Under the scheme, the Interest Subsidy shall continue up to 31-Mar-2022.
Mr. Rajeev Yadav, MD & CEO, Fincare Small Finance Bank said, "We are committed to financial upliftment of the economically weaker sections and the low-income households. In an attempt to support the government's endeavor to provide housing for all, Fincare Small Finance Bank shall launch the credit linked subsidy, which has a direct benefit in the form of lower EMI. With this scheme, our aim is to empower the underbanked and unbanked sections of the country with smart banking choices and help them turn their dream of having their first home into a reality."