HDFC disburses Rs 2,300 crore as subsidy under PMAY – ET RealEstate

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Over Rs 3,000 Crore Sanctioned Under PMAY Subsidy scheme: housing bank CEO credit-linked subsidy scheme is aimed at benefiting people by providing interest subsidy on the purchase or construction.

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HDFC HDFC disburses Rs 1,100 crore subsidy to 51,000 home buyers under PMAY. HDFC has provided loans of over Rs 9,800 crore under PMAY-Credit Linked Subsidy Scheme, to these customers belonging to EWS Economically Weaker Section.

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New Delhi, May 29 () The country’s largest mortgage lender HDFC Ltd Wednesday said it has disbursed subsidy of more than Rs 2,300 crore under the government’s flagship housing scheme pmay, benefiting.

HDFC disburses Rs 2,300 crore as subsidy under PMAY The company has disbursed subsidy amounting to over Rs 2,300 crore benefitting over 1,04,000 families under the Pradhan Mantri Awas Yojana (PMAY) credit linked subsidy scheme (CLSS), HDFC said in a statement.

Mumbai: Mortgage major HDFC has disbursed Rs 2,800 crore loans to 14,290 home-buyers under the Pradhan Mantri Awas Yojna (Urban) so far, which entails a Central subsidy of Rs 302 crore. The Modi government had launched the housing for all by 2022 in June 2015 and the disbursement is from that period.

HDFC disburses Rs 1,100 crore subsidy to 51,000 home buyers under PMAY HDFC during the quarter ended September 30, 2018 approved 37 per cent of home loans in volume terms and 18 per cent in value terms to customers from the EWS and LIG segment, the housing finance firm said in a statement.