Share Capital Assistance to Primary Housing Co-operatives

Department of Cooperation, Government of Kerala > Schemes > State Plan Schemes > Share Capital Assistance to Primary Housing Co-operatives

Share Capital Assistance to Primary Housing Co-operatives

Budget Outlay Rs.100 lakh

Housing schemes in the Co-operative sector are implemented through affiliated Primary Housing Societies. The provision is for giving financial assistance in the form of share capital contribution to primaries at a maximum of Rs. 10.00 lakh per society to make them eligible to raise loans from HUDCO, National Housing Bank, LIC etc. through the Federation.

The outlay provided is also intended for giving adequate financial support to non-affiliated Primary Housing Co-operatives for advancing loans to Economically Weaker Sections (EWS), Lower Income Groups and Middle Income Groups during the interim period of non-affiliation. (View Rules)