PNB HFC Launches Home Loan for Tier I and Tier II Cities

Current Context: The PNB Housing Finance Limited (HFC) launched a low-cost home loan program called “Roshni”.

• The primary objective of Roshni is to enable customers from Tier I and Tier II cities to avail of home loans ranging from INR 5 lakh to INR 30 lakh.
• This initiative of the PNB HFC is in line with the Government of India’s “Housing for All” mission.
• The scheme will offer a variety of loans for:

1. Purchase of property
2. Home expansion and renovation
3. Self-building
4. Plot purchases combined with construction

• The following applicants will be eligible:

1. First-time credit borrowers
2. Self-employed people
3. Salaried with low and middle-income group

• PNB Housing Finance Limited is a housing finance company that was established in 1988 with its headquarters in New Delhi. The current Non-Executive Chairperson of the company is Sunil Mehta.

Question:

Q.1 Which of the following recently launched the home loan scheme “Roshni”?
a. HDFC Housing Finance
b. IIFL Housing Finance
c. LIC Housing Finance
d. PNB Housing Finance