HDFC disburses Rs 2,300 cr as subsidy under PMAY The company has disbursed subsidy amounting to over Rs 2,300 crore benefitting over 1,04,000 families under PMAY. 29 May, 2019, 07.54PM IST
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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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Pradhan Mantri Awas Yojana (PMAY) – Credit Linked Subsidy Scheme ( CLSS) Eligibility The beneficiary family should not own a pucca house in his/her or in the name of any member of his/her.
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Pradhan Mantri Awas Yojana (PMAY) – Kotak bank offers clss under PMAY, which provides interest subsidy under the ‘housing for all scheme’ to eligible benifiaries hence enabling rural home loans. Click here to know more about PMAY.
HDFC disburses Rs 2,800-crore 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.
Hence, the rate cut today, coupled with the MPC’s decision to change the policy stance to accommodative, means that those shopping around for home loans, car loans et al may land a cheaper deal soon..
Last week, in a major boost to homebuyers, the Centre had extended the interest subsidy of about `2.6 lakh on home loans under the Pradhan Mantri Awas Yojna (Urban) to the MIG beneficiaries by 15.
The Central Government Interest Subsidy Scheme Documentation process from HDFC Bank varies from individual to individual. The requirements are based on your profession, income and loan requirement.
HDFC, which is optimistic that the government’s interest subsidy scheme will boost affordable housing, has already disbursed about Rs 400 crore under the plan and sees a huge growth potential.
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The schemes for MIG are valid up to March 31, 2020, while the plans for EWS/LIG are valid up to March 31, 2022. 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.
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