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September 18, 2012
The Chairman/Managing Director/
Chief Executive Officer
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir / Madam,
The Scheme of 1% Interest Subvention on Housing Loans up to Rs. 15.00 lakh
Please refer to our circular RPCD.SME&NFS.BC.No.29/06.11.01/2011-12 dated November 04, 2011 on the captioned subject. In this connection, it is now advised that:
All SCBs are advised to implement the Scheme vigorously, submit their claims to NHB expeditiously and extend the benefits of the Scheme to all eligible borrowers / beneficiaries. SCBs are further requested to give wide publicity to the Scheme.
2. Please acknowledge receipt.
Chief General Manager