Housing finance major HDFC Ltd on Sunday i.e. 6th September said, they has approved home loans of over ₹47,000 crore to more than 2 lakh first-time homebuyers under the government’s CLSS (Credit Linked Subsidy Scheme). HDFC said it has passed on interest subsidy of more than ₹4,700 crore to these beneficiaries.
Thay has approved over ₹47,000 crore of home loans under CLSS to more than 2 lakh homebuyers belonging to the EWS (Economically Weaker Section), LIG (Low Income Group) and MIG ( Middle Income Groups), said HDFC, in a statement.
HDFC said, “Subsidy under PMAY amounting to over ₹4,700 crore has been passed on to these 2,00,000 homebuyers, becoming the only financial institution in the country to achieve this feat.”
HDFC Ltd Managing Director Renu Sud Karnad said, “The government’s PMAY scheme has been successfully assisting homebuyers belonging to different income groups since 2015. The scheme is in line with our overall philosophy that every Indian must have a home of their own.”
Karnad added, “Due to the COVID-19 crisis, a number of sectors including the real estate sector have been affected. Having said that we feel that the demand for housing will pick up gradually as the economy emerges out of the lockdown and confidence in the economy is restored.”
