Both, CREDAI and SBI make it clear that they share a common motive of every Indian having a house of his/her own.
In this MoU, CREDAI will SBI as its national partner for all the activities. They will work in collaboration for different marketing strategies like seminars, CSR activities, exhibitions etc.
This SBI CREDAI MoU will bring together the authenticity of members of CREDAI and the popularity of the biggest bank of India to fulfill the needs of both home loan and construction finance for the realty sector. If SBI will provide home loans at lower interest rates to buyers, the objective of affordable housing by CREDAI will be easier to achieve.
About Housing for All
Housing for All, commonly known as Pradhan Mantri Awas Yojana (PMAY), is a vision of our Prime Minister Narendra Modi, to provide affordable homes to urban poor by 2022. It also aims at providing all the facilities at one place. It was launched in June 2015. An investment of 439.22 billion has been approved by the government for the same to build 683724 houses for urban poor.
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