State Bank of India (SBI) is all set to ink MoU with the Maharashtra government-owned body Shivshahi Purnarvasan Prakalp (SPPL) for financing affordable housing under the State’s slum rehabilitation schemes.

SBI will make available funds for the construction of affordable housing tenements under the slum rehabilitation schemes, including the Dharavi Redevelopment Project, of the Maharashtra government. The MoU is expected to promote private sector participation in construction of affordable housing under the slum rehabilitation schemes in Mumbai.

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