Shriram Housing Finance (SHFL), an affordable housing finance company, has entered into a co-lending agreement with Punjab and Sind Bank (PSB) to provide business loans for affordable homes.

Under this partnership, both organisations will jointly serve self-employed customers using the co-lending model (CLM) established by the Reserve Bank of India (RBI).

Ravi Subramanian, the MD & CEO of Shriram Housing Finance, expressed, "The self-employed segment faces a significant credit gap, and SHFL, in collaboration with our co-lending partners, aims to address some of these gaps. Through the co-lending model, we intend to tap into the growing informal and middle-income population, leveraging PSB's financial strength and our expertise in underwriting affordable home loans."