First Time Home Buyer News

HDFC disburses Rs 2,300 cr as subsidy under PMAY – Times of India

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A well-developed secondary market for debt will also aid in transparent price discovery of the inherent riskiness of the debt being traded, the Reserve Bank of India said while. during the quarter.

HDFC disburses Rs 2,800-cr low-cost loans under Central scheme. The EWS comprises people with an annual household income up to Rs 3 lakh, while LIG include those with income greater that Rs 3 lakh and up to Rs 6 lakh. Government launched its flagship PMAY(U) scheme on June 25, 2015 to provide housing for all by 2022.

Under the CLSS-EWS/LIG scheme, housing finance company HDFC has so far disbursed loans worth Rs 1,728 crore to 10,764 customers with a subsidy worth Rs 228 crore, while under the CLSS-MIG schemes.

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HDFC disburses low-cost home loans worth Rs 2,800 crore under PMAY. While the lender has provided home loans worth Rs 1,728 crore under PMAW’s credit-linked subsidy scheme (CLSS) to the economically weaker section (ews) customers and low- income group (LIG), it has disbursed loans worth Rs 1,067 crore to 3,526 customers from the middle income group (MIG), it said in report today.

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.

By Accommodation Times Bureau Image for representation MUMBAI: HDFC has disbursed subsidy amounting to over Rs 2,300 crores benefitting over 1,04,000 families under the pradhan mantri awas yojana (PMAY) Credit Linked Subsidy Scheme (CLSS).

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 1,100 cr subsidy to 51,000 home buyers under Pradhan Mantri Awas Yojana The company on an average has been approving 8,300 loans on a monthly basis to the EWS and LIG segment.

The company has approved Rs 22,136 crore of home loans under CLSS to homebuyers belonging to the economically weaker section (EWS), low income group (LIG) and middle income groups (MIG), HDFC said..

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