Question
What is the enhanced limit for housing loans (for
repairs and renovations) in the metropolitan cities in case of Primary (Urban Cooperative Banks)Solution
the ceiling on loans to individuals for carrying out repairs/additions/alterations to their dwelling units in case of Primary (Urban) Cooperative banks was revised upwards to ₹2 lakh in rural and semi-urban areas and ₹5 lakh in urban areas.The ceiling on such loans is now revised to ₹10 lakh in metropolitan centres (those centres with a population of 10 lakh and above) and ₹6 lakh in other centres.
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