Similar idea created student loan problem in USA . Govt is inviting subprime on platter .
Part of proposed housing sector package: Fund on cards to offer guarantee for home loans
The government is considering a fund that will provide guarantees for those who won’t otherwise be eligible for a housing loan, allowing them to borrow funds to acquire a home, said a senior finance ministry official. It’s being envisaged as part of a package being prepared by the government to help the housing sector, which is burdened by heavy debt, stalled projects and unsold homes.
“This fund would essentially support borrowers who are not rated well and not eligible for a loan from ..
https://economictimes.indiatimes.co...antee-for-home-loans/articleshow/71089449.cms