Lending Institutions propose institutional financing of PMAY-G beneficiaries at MoRD-NHB "PMAY-G Reform Samvad" in Lonavala: States, HFCs, SFBs, MFIs and RRBs deliberate a roadmap for affordable institutional credit for rural housing

India, Nov. 2 -- The Government of India has issued a release:

The Ministry of Rural Development (MoRD), jointly with the National Housing Bank (NHB), spearheaded "PMAY-G Reform Samvad", a one-day stakeholder dialogue on reforms for strengthening rural housing under PMAY-G. It brought together MoRD, NHB, State Rural Development Departments, the World Bank, International Finance Corporation, Sa-Dhan, TCIS Habitat for Humanity International and lending institutions, including Housing Finance Companies (HFCs), Regional Rural Banks (RRBs), Small Finance Banks (SFBs) and Micro Finance Institutions (MFIs).

Departing from the conventional view for rural loans, the discussion witnessed the lenders describing PMAY-G households as a promising and l...