The Presidents/Chief Executives

All Banks

Dear Sir,

Mandatory Targets for Housing and Construction Finance

1. Please refer to IH&SMEFD Circular No. 10 dated July 15, 2020 on the captioned subject.
2. With a view to further promote housing and construction finance, banks are advised to increase their financing for housing and construction of buildings (Residential and Non-Residential) to at least 7 percent of their respective domestic private sector advances by December, 2022.
3. All other instructions on the subject shall remain unchanged.