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Current Affairs

SARAL Affordable Housing Scheme– By ICICI Home Finance

Current Context: ICICI Home Finance Company Ltd, which is an HFC has launched a special affordable housing loan scheme to finance homes in rural and urban areas of India. The name of the scheme is SARAL.
SARAL Affordable Housing Scheme– By ICICI Home Finance

  • The beneficiaries for the scheme are women, lower-middle-income customers and economically weaker sections, with maximum household income up to Rs 6 lakh per annum.
  • The loan requires ownership of women in rural areas from Rs 3 lakhs to Rs 6 lakhs.
  • Maximum limit of loan is Rs 35 lakhs with an interest rate starting from 7.98%.
  • The maximum tenure for loan is 20 years.
  • Static Part: 
    • HQ of ICICI Home Finance Company Ltd: Mumbai
    • Chairman of ICICI Home Finance Company Ltd: Anup Bagchi
    • MD and CEO of ICICI Home Finance Company Ltd: Anirudh Kamani

Question: 

Q.1 Which bank launched SARAL Affordable Housing scheme?
a. Indiabulls Housing Finance Ltd
b. ICICI Home Finance Company Ltd
c. Muthoot Homefin Ltd
d. Aditya Birla Housing Finance Ltd
SARAL Affordable Housing Scheme– By ICICI Home Finance SARAL Affordable Housing Scheme– By ICICI Home Finance Reviewed by Neha Verma on June 19, 2020 Rating: 5

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