Two Lakh PMAY Homebuyers Get Subsidy: HDFC

HDFC Ltd said it had disbursed over Rs 4,700 crore subsidy to over two lakh families under the government's flagship scheme, Pradhan Mantri Awas Yojana (PMAY) credit-linked subsidy scheme (CLSS). Loans worth Rs 47,000 crore have been approved under the scheme for homebuyers belonging to the economically weaker section (EWS), low-Income group (LIG) and middle-income group (MIG), the firm said in a statement. “The government’s PMAY scheme has been successfully assisting home buyers belonging to different income groups since 2015. We thank the Ministry of Housing and Urban Affairs and the National Housing Bank for their commitment and for being receptive to inputs and suggestions from various stakeholders.  This proactive approach has enabled effective and seamless implementation of the scheme,” Ms Renu Sud Karnad, Managing Director, HDFC Ltd said. The CLSS was introduced in June 2015 under PMAY for home loans to customers from the EWS, LIG segments and was extended to the MIG from January 2017.