Punjab National Bank Housing Finance has partnered with Japan International Cooperation Agency (JICA) to raise 75 million dollars. The Citibank will also co-finance 25 million dollars to finance the mortgage loans in the affordable housing segment. This partnership also states first debt funding by Japan International Cooperation Agency (JICA) in the housing finance sector in India.
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The partnership aims to facilitate low-income households of India with affordable housing, based on the Facility for Accelerating Financial Inclusion in Asia.
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