The bank which refinances the loans given to the poor and weaker sections to construct or buy houses is

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	SIDBI
B	IDBI
C	NHB
D	IIBI

Explanation:

Detailed explanation-1: -Targets for priority sector lending by Primary (Urban) Co-operative Banks (UCBs) Advances to Weaker Sections-12 per cent# of ANBC or credit equivalent amount of Off-Balance Sheet Exposure, whichever is higher.

Detailed explanation-2: -The ultimate interest rate to be charged from PACS will not be more than 1% over and above the interest rate charged by NABARD and will be shared by StCB & CCB as per the mutually agreed terms. Repayment period of refinance will be up to 7 years.

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