ARF (NFS) - Rural Housing NABARD
To provide loans to individuals for construction /rennovation /repair of existing houses
Individuals having membership under the cooperative socities act, those who are not owing a pucca/semi pucca home & those having landed property in the village and residing in villages.
Area of operation
In Rural area only ie population not exceeding 50000 or such other criteria being fixed by RBI from time to time.
Construction of new house
Repair / rennovation of existing house
The cost may not exceed Rs 7.5 lakhs .If land is being acquired the land cost may be reckoned as margin otherwise cost of land should not be included in the target cost.
Maximum loan amount
Construction of new house Rs 500000 for repair/rennovation Rs 100000
Upto Rs 20000 -  20%
Above Rs 20000 -  25%
15 yrs for new house with 18 months grace period
5 yrs for repair/ renovation.
Interest rate will be fixed by KCARDB from time to time in accordance with the guidelines issued by RCS/ NABARD/ RBI
The monthly housing loan disbursement progress statement should be furnished in the prescribed format.