Af­ford­able Hous­ing Push

Banking Frontiers - - Performance Parameters -

Kar­nataka Bank is ac­tively in­volved in fi­nanc­ing to af­ford­able hous­ing sec­tor. The loans sanc­tioned un­der PMAY scheme dur­ing FY 2016-17 is `41.50 lakh as com­pared to `77.30 lakh in FY 2015-2016. The bank has been tak­ing a num­ber of steps to in­crease the share un­der PMAY scheme where 2 more in­come cat­e­gories are in­cluded namely MIG 1 (in­come `6-12 lakh per an­num) and MIG 2 (in­come `12-18 lakh per an­num).

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