Home >> Loans >> Scheme of Interest Subsidy for Housing the Urban Poor (ISHUP)
The Ministry of Housing and Urban Poverty Alleviation (MH & UPA), Government of India has designed an Interest Subsidy Scheme for addressing the Housing needs of Economically Weaker Section (EWS)/ Low Income Group (LIG) segments in urban area under “Affordable Housing for All”, an important policy agenda of Government of India. Such beneficiary who own land in any urban area but do not have any pucca house in their name or of any family member will be covered under this scheme. The Scheme has been approved by our Bank for implementation.
The salient features are given here under:
Rate of Interest
Other terms & conditions
Moratorium Period – 12 months
Repayment-After 12 months from the first disbursement or two months after completion of constructions.
Installment- Borrower friendly and to be decided on realistic expected cash flow from the activities of the borrower.
N.B. For further details, please contact our nearest branch office.
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