What additional credit cushion will PMAY-U 2.0 provide to housing financiers
Discussion on the increased credit buffer for housing financiers under the Pradhan Mantri Awas Yojana - Urban 2.0.
Under PMAY-U 2.0, the increased credit cushion for housing financiers is beneficial for stakeholders in various ways:
- Enhanced credit availability: The scheme allows housing financiers to avail additional credit to cater to the growing demand for affordable housing.
- Incentivizing lending: The increased credit buffer incentivizes lenders to offer more loans for housing projects, boosting the real estate sector's growth.
- Reduced risk exposure: The additional credit cushion provides a safety net for housing financiers by reducing potential risks associated with lending to the affordable housing segment.
- Promoting financial inclusion: By encouraging lending in the affordable housing sector, PMAY-U 2.0 contributes to financial inclusion and addresses the housing needs of the economically weaker sections.
Answered
9 months ago