HDFC to tap Rural Segment with SKS Microfinance
Good to see, one more institution coming forward to help poor rural farmers. This time, it is Housing Finance major HDFC Ltd. who is targeting the rural segment by offering credit facilities to farmers belonging to middle income group and traders. This loan is given against the properties which can be mortgaged.
HDFC Ltd is getting a enough support from the experience of SKS Microfinance in rural sector. Through this relationship, SKS Microfinance will offer loans for both extension and improvement of dwelling units that would generate good income for such rural farmers.
In this arrangement, HDFC would act as technology partner who will also provide the first tranche of Credit of Rs. 10.00 Cr. This credit limit to SKS Microfinance will ultimately be utilized for funding of more than 1250 members with an average ticket size of Rs. 80,000. Only those clients who have relationship of more than 3 years with SKS Microfinance are eligible for this scheme.
HDFC Ltd. is doing pilot project through the help of 10 branches in AP. The interest rate would be flat 21 percent while the tenor of the lon would by 3-5 years. The initial corpus of Rs. 10 Cr would be absorbed in the system within 9-10 months.
For HDFC Ltd, entering into rural market with the help of experienced players like SKS Microfinance would always be boon. Looking at the complexities involved at the grassroot level in Rural India, it is always advisable to get support of any Microfinance Institution or any organization who has been there in the rural market for long and has sufficient knowledge of the particular region.
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понравилось)))))))))…
This loan is given against the properties which can be mortgaged.
HDFC Ltd is getting a […….
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понравилось)))))))))…
This loan is given against the properties which can be mortgaged.
HDFC Ltd is getting a […….
Авторитетная точка зрения, познавательно…..
This loan is given against the properties which can be mortgaged.
HDFC Ltd is getting a […….
Авторитетная точка зрения, познавательно…..
This loan is given against the properties which can be mortgaged.
HDFC Ltd is getting a […….
Home mortgage interest how calculated?
The development of family home mortgage under the common experience of ordinary family whether urban housing affordability balance consumption mainly depends on the stability of family income levels. The higher income levels, consumer credit for housing affordability greater. The Housing Loan played more significant role in expanding demand.
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