Targets & Achievement -SEP (Individual) and SEP (Groups) for 2014-15 as on 31.12.2014 (Amount in Lakhs) S. Achievement Target No. Program Sanctions Grounding Physical Financial Physical Financial Physical Financial 1 SEP (Individual) Programme under NULM 9912 9912 2155 2155 381 381 2 SEP (Groups)Programme under NULM 116 580 26 130 1 5 MEPMA vide Lr. Roc. No.270/NULM/2014 dated 31.01.2015 requested the banks to share the basic data such as Loan account No. amount disbursed, date of disbursement and repayment particulars etc., for individual beneficiaries/Groups month wise to the service provider (TCS), for calculation and release of interest subsidy amount at the earliest. Hence, it is requested that banks to submit the information to the service provider for calculation and release of interest subsidy amount after creating product code as agreed in the meeting i.e NULM-SEP-I for individuals & NULM-SEP-G for group loans. 14.4. RAJIV RINN YOJANA Rajiv Rinn Yojana (Revised Interest Subsidy Scheme) for housing to Weaker Sections launched by the Ministry of Housing & Urban Poverty Alleviation, GoI Interest Subsidy Scheme for Housing the Urban Poor’ (ISHUP) was being implemented by Govt. of India as a supportive measure for expanding credit flow to housing for the Economically Weaker Sections (EWS) and Low Income Groups (LIG) up to Sept. 2013. The Ministry of Housing and Urban Poverty Alleviation (MH&UPA), GoI has designed a Revised Interest Subsidy Scheme - renamed as Rajiv Rinn Yojana (or Rajiv Loan Scheme), as an additional instrument for addressing the housing needs of the EWS/LIG segments in urban areas. The Scheme envisages the provision of a fixed interest subsidy of 5% on interest charged on the admissible loan amount to EWS and LIG segments to enable them to buy or construct a new house or for carrying out addition to the existing building. MH & UPA has already launched the captioned scheme formally and issued guidelines of the scheme to all banks. All member banks are requested to send a confirmation having communicated
Targets & Achievement -SEP (Individual) and SEP (Groups) for 2014-15 as on 31.12.2014 (Amount in Lakhs) S. No. Program Target Achievement Sanctions Grounding Physical Financial Physical Financial Physical Financial 1 SEP (Individual) Programme under NULM 9912 9912 2155 2155 381 381 2 SEP (Groups)Programme under NULM 116 580 26 130 1 5 MEPMA vide Lr. Roc. No.270/NULM/2014 dated 31.01.2015 requested the banks to share the basic data such as Loan account No. amount disbursed, date of disbursement and repayment particulars etc., for individual beneficiaries/Groups month wise to the service provider (TCS), for calculation and release of interest subsidy amount at the earliest. Hence, it is requested that banks to submit the information to the service provider for calculation and release of interest subsidy amount after creating product code as agreed in the meeting i.e NULM-SEP-I for individuals & NULM-SEP-G for group loans. 14.4. RAJIV RINN YOJANA Rajiv Rinn Yojana (Revised Interest Subsidy Scheme) for housing to Weaker Sections launched by the Ministry of Housing & Urban Poverty Alleviation, GoI Interest Subsidy Scheme for Housing the Urban Poor’ (ISHUP) was being implemented by Govt. of India as a supportive measure for expanding credit flow to housing for the Economically Weaker Sections (EWS) and Low Income Groups (LIG) up to Sept. 2013. The Ministry of Housing and Urban Poverty Alleviation (MH&UPA), GoI has designed a Revised Interest Subsidy Scheme - renamed as Rajiv Rinn Yojana (or Rajiv Loan Scheme), as an additional instrument for addressing the housing needs of the EWS/LIG segments in urban areas. The Scheme envisages the provision of a fixed interest subsidy of 5% on interest charged on the admissible loan amount to EWS and LIG segments to enable them to buy or construct a new house or for carrying out addition to the existing building. MH & UPA has already launched the captioned scheme formally and issued guidelines of the scheme to all banks. All member banks are requested to send a confirmation having communicated
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