Small-ticket housing loans rise in tier I and II cities

Small-ticket affordable housing loans in tier-1 and tier-2 cities and rural areas have seen an uptick, as banks focus on retail loans in these areas to drive credit growth, said people aware of the matter. The government also wants banks to push credit through schemes such as PM Awas Yojana (PMAY). Housing loans, including priority sector loans, grew 6.4% year-on-year in March, according to the latest data.

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