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HDFC disburses Rs 2,300 crore as subsidy under PMAY

Housing Development Finance Corporation (HDFC) has disbursed subsidy of more than Rs 2,300 crore under the government’s flagship housing scheme Pradhan Mantri Awas Yojana (PMAY), benefiting over one lakh first time home buyers.

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). The company 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’.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.

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