The objective of the scheme is to address the problems of Rural Housing through improved access of housing credit which would enable an individual to build a modest new house or improve or add to his existing dwelling unit in rural area.

Rural area for the purpose of the scheme is the area comprised in any village including the area comprised in any town, the population of which does not exceed 50,000 as per 1991 census.

The loan is to be repaid within a maximum period of 15 years in suitable instalments.

Normally up to 35% of the gross income can be taken as repaying capacity of the borrower.

Mortgage of the property or any appropriate security.

As applicable to housing loan.