INSUBCONTINENT EXCLUSIVE:
Leading mortgage lender
HDFC on Sunday was awarded the best performing primary lending institution in credit linked subsidy scheme (
CLSS)
for the
EWS (Economically Weaker Section) and
LIG (Low Income Group) category.
The award was given by Prime Minister
NarendraModi, the
company said in a press release
This impetus given to increase home ownership by the government has been unprecedented
This has renewed the interest of
homebuyers in the Indian real estate sector and allowed first time home buyers to avail more benefits to
own a house," said
Renu Sud
Karnad, Managing Director,
HDFC.
HDFC during FY18 approved 38 per cent of home loans in volume terms and 19
per cent in value terms to customers from the
EWS and
LIG segment.
The company on an average has been approving 8,200 loans on a monthly
basis to the
EWS and
LIG segment, with monthly such average approvals at approximately Rs
1,312
crore,
HDFC said.
CLSS was introduced in June 2015 under
PradhanMantriAwasYojana (
PMAY) for home loans to customers from the
EWS
as well as
LIG and was extended to the Middle Income Group from April 2017.
