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Which Public sector bank has announced that it has entered into an agreement with the National Housing Bank (NHB) for implementation of the Rural Housing Interest Subsidy Scheme (RHISS) of Union Ministry of Rural Development?
  • a)
    Allahabad Bank
  • b)
    SBI
  • c)
    Indian Overseas Bank
  • d)
    Union Bank of India
  • e)
    United Bank of India
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which Public sector bank has announced that it has entered into an agr...
Public sector lender Indian Overseas Bank announced that it has entered into an agreement with the National Housing Bank (NHB) for implementation of the Rural Housing Interest Subsidy Scheme (RHISS) of Union Ministry of Rural Development. A memorandum of understanding (MoU) in this regard was signed in the presence of IOB MD and CEO, R. Subramaniakumar and MD and CEO of National Housing Bank, Sriram Kalyanaraman. Objective of this scheme is to provide subsidy for loans to households in rural areas for undertaking construction and modification activities. Under this scheme, 3% interest subsidy is offered on a loan amount of Rs two lakh for a tenure of 20 years.
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Which Public sector bank has announced that it has entered into an agreement with the National Housing Bank (NHB) for implementation of the Rural Housing Interest Subsidy Scheme (RHISS) of Union Ministry of Rural Development?a)Allahabad Bankb)SBIc)Indian Overseas Bankd)Union Bank of Indiae)United Bank of IndiaCorrect answer is option 'C'. Can you explain this answer?
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Which Public sector bank has announced that it has entered into an agreement with the National Housing Bank (NHB) for implementation of the Rural Housing Interest Subsidy Scheme (RHISS) of Union Ministry of Rural Development?a)Allahabad Bankb)SBIc)Indian Overseas Bankd)Union Bank of Indiae)United Bank of IndiaCorrect answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Which Public sector bank has announced that it has entered into an agreement with the National Housing Bank (NHB) for implementation of the Rural Housing Interest Subsidy Scheme (RHISS) of Union Ministry of Rural Development?a)Allahabad Bankb)SBIc)Indian Overseas Bankd)Union Bank of Indiae)United Bank of IndiaCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which Public sector bank has announced that it has entered into an agreement with the National Housing Bank (NHB) for implementation of the Rural Housing Interest Subsidy Scheme (RHISS) of Union Ministry of Rural Development?a)Allahabad Bankb)SBIc)Indian Overseas Bankd)Union Bank of Indiae)United Bank of IndiaCorrect answer is option 'C'. Can you explain this answer?.
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