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

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

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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.

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.

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HDFC Loan Against Property Interest Rate Jul 2019.. 2019-05-30 : HDFC disburses Rs. 2,300 crore as subsidy under PMAY. Mortgage lender, HDFC has disbursed subsidy of more than Rs. 2,300 crore under PMAY credit linked subsidy scheme. The lender has approved Rs. 22,136 crore of home loans under.

NEW DELHI: 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 over one lakh first time home buyers. The company has disbursed subsidy amounting to over Rs 2,300 crore benefitting over 1,04,000 families under the Pradhan Mantri [.]