HDFC disburses crores as subsidy under PMAY
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 MantriAwasYojana (PMAY) credit linked subsidy scheme (CLSS), HDFC said in a statement. 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. The mortgage lender has partnered with Ministry of Housing & Urban Affairs and the National Housing Bank (NHB) to work towards the government's goal of 'Affordable Housing for All'.
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