IIFL Home Finance sanctions loans worth Rs 7,000 crore for 42,500 PMAY-CLSS beneficiaries
IIFL Home Finance on Wednesday said it has approved loans worth about Rs 7,000 crore for 42,500 beneficiaries under the Credit Linked Subsidy Scheme vertical of Pradhan Mantri Awas Yojana (PMAY - CLSS). "The subsidy amounting to over Rs 1,000 crore has been facilitated to these 42,500 beneficiaries, who belong to the Economically Weaker Section (EWS), Low Income Group (LIG) and Middle-Income Groups," the company said in a release.
Out of the total subsidy of Rs 1,000 crore, more than Rs 870 crore have been provided to families/beneficiaries in EWS/LIG category. This is 87 per cent of the total subsidy provided by the company. The company has disbursed loans worth Rs 7,000 crore to 42,500 families under PMAY-CLSS, it said. CEO Monu Ratra said the company is absolutely aligned to the vision of the Ministry of Housing and Urban Affairs (MoHUA), towards Housing for All.
"We have seen a significant revival of demand for affordable housing in the last 3 months. Rather, this pandemic has made people realise the importance of having their own house with good living and hygienic conditions. Hence, we are highly optimistic of affordable housing in future as well," said Ratra.
Under the scheme, homebuyers with annual household income of up to Rs 18 lakh can avail the benefit of subsidy under the PMAY (Urban) scheme on their home loans to the extent of Rs 2.67 lakh subject to meeting other eligibility criteria specified by MoHUA.
The scheme is aimed at achieving the government's objective of 'Housing for All'. Despite the COVID-19 induced lockdown, IIFL Home Finance has continued business at a brisk pace and is back to normal as earlier, the release added.
It further said that due to its future-ready technology system, the company was able to revive its business in the pandemic. "The technology driven initiatives have helped in the smooth functioning of business activities even during COVID-19," it added.
More Media Coverage Articles
IIFL Home Finance's Rs 1000 crore bond issue opens on Dec 8
Read More
IIFL Housing Finance looks at co-lending model to grow
Read More
आईआईएफएल होम फाइनेंस कंपनी ने पीएमएवाई के लाभार्थियों को दिए 7 हजार करोड़ के होम लोन
Read More
IIFL Home Finance launches 6th Kutumb initiative Allen Victor
Read More
IIFL Home Finance announces launch of its Green Home Loan Product in support of sustainable living and green affordable housing in India
Read More
IIFL Home Finance launches next phase of green affordable housing
Read More
IIFL Home Finance Ltd. (IIFL HFL), in collaboration with Asian Development Bank (ADB), launches 8th Chapter from the flagship 'Kutumb' series to promote green affordable housing in India
Read More
IIFL Home Finance Ltd. wins Sustainability Initiative of the Year Award at 2021 Sustainability Awards
Read More
ADB ties up with IIFL Home Finance to promote Green Housing in India
Read More
IIFL HOME FINANCE LAUNCHES INDIA’S FIRST HANDBOOK FOR AFFORDABLE GREEN HOUSING
Read More
SBI signs first Co-lending agreement with IIFL Home Finance Ltd. for priority sector home loans
Read More
IIFL Home Finance launches next phase of green affordable housing
Read More
NMRDA (Nagpur Metropolitan Region Development Authority) acknowledges IIFL Home Finance Ltd. for disbursing maximum Home Loan cases under Pradhan Mantri Awas Yojana in Nagpur
Read More
IIFL Home Finance (IIFL HFL) expands to add over 100+ branches nationwide
Read More
IIFL Home Finance posts 61% jump in profit to Rs 400 cr in FY21
Read More
Big boost to Pradhan Mantri Awas Yojana! IIFL Home Finance disburses Rs 7000 cr home loans to 42,500 families under PMAY
Read More
IIFL launches handbook for affordable green housing
Read More
IIFL Home Finance Ltd disbursed loans over ₹ 2500 crore, as on 30 September, 2021
Read More
'Kutumb': IIFL announces launch of next phase of green affordable housing
Read More
Asian Development Bank & IIFL Home Finance Ltd. (IIFL HFL) promotes green affordable housing in Andhra Pradesh and Telangana through the 9th chapter of ‘Kutumb’
Read More
Under the initiative of Ministry of Housing and Urban Affairs, IIFL Home Finance organizes ‘Awas Par Samvaad’ – a step towards its commitment of enabling an eco-system for #GreenAffordableHousing in India
Read More
IIFL Home Finance signs MoU with Central Bank of India
Read More
IIFL Home Finance approves loans worth Rs 7,000 cr for PMAY-CLSS beneficiaries
Read More
IIFL Home Finance (IIFL HFL) signs USD 68 million loan with Asian Development Bank (ADB) to boost affordable green housing in India
Read More
IIFL Home Finance on Thursday announced the launch of the sixth edition of 'Kutumb'
Read More
IIFL Home Finance Ltd. (IIFL HFL) facilitates over 50,000 households under Credit Linked Subsidy Scheme (CLSS) making it one of the leading Financial Institutions (FIs) contributing towards Pradhan Mantri Awas Yojana-Urban (PMAY-U)
Read More
IIFL Home Finance has disbursed over Rs 1250 crore in loans to 5300+ beneficiaries in Bengaluru, and has granted subsidy to over 1050 beneficiaries under the Pradhan Mantri Awas Yojana's Credit Linked Subsidy Scheme (PMAY - CLSS)
Read More
IIFL Home Finance signs pact with PNB for co-lending
Read More
IIFL Home Finance disburses Rs 7000 crore of loan to 42,500 families under PMAY
Read More
IIFL Home Finance launches India’s first handbook for affordable green housing
Read More
Housing Finance Company IIFL Home Finance Ltd. to Issue SecuredRedeemable Non-Convertible Debentures Tranche II Issue to Open on 08 December, 2021 Effective Annualized Yield up to 8.76% p.a.
Read More
IIFL launches next phase of green affordable housing
Read More
IIFL Home Finance signs agreement for Co-lending with Punjab National Bank
Read More
Tips to apply for a home loan after 45 years of age
Read More
Home Loan वितरण में तेजी के लिए साथ आए सेंट्रल बैंक ऑफ इंडिया, IIFL Home Finance; MoU पर किया हस्ताक्षर
Read More
IIFL Home Finance disburses loans worth Rs 7,000 crore to 42,500 families under Pradhan Mantri Awas Yojana
Read More
IIFL Home Finance launches 6th Kutumb initiative to promote Green Affordable Housing in India
Read More
IIFL Home Finance Ltd. Wins Sustainability Initiative of the Year Award at 2021 Sustainability Awards
Read More
IIFL Home Finance Ltd. and Indian Naval Placement Agency sign an MoU for hiring of Navy veterans
Read More
Steps To Close A Home Loan Without Complications
Read More
IIFL Home Finance disburses Rs. 7000 crores of loan to 42,500 families under PMAY
Read More
IIFL Home Finance launches India’s first handbook for affordable green housing
Read More
Asian Development Bank (ADB), in collaboration with IIFL Home Finance Ltd. (IIFL HFL), presents Kutumb to promote green affordable housing in India
Read More
IIFL Home Finance launches next phase of green affordable housing
Read More
Under the initiative of Ministry of Housing and Urban Affairs, IIFL Home Finance organizes ‘Awas Par Samvaad’ – a step towards its commitment of enabling an eco-system for #GreenAffordableHousing in India
Read More