Housing finance firm HDFC Ltd on Wednesday said it had disbursed over Rs 2,300 crore subsidy to over 1,04,000 families under the government"s flagship scheme, Pradhan Mantri Awas Yojana (PMAY) credit-linked subsidy scheme (CLSS).Loans worth Rs 22,136 crore have been given under PMAY-CLSS to
homebuyers belonging to the economically weaker section (EWS), low Income group (LIG) and middle income group (MIG), the firm said in a statement.
During the year ended March 31, 2019, HDFC approved 37 percent of home loans in volume terms and 18 percent in value terms to customers from the EWS and LIG segments.
The company on an average has been approving 8,600 loans on a monthly basis to the EWS and LIG segment, with monthly average approvals at Rs 1,460 crore. The average home loan to the EWS and LIG segments stood at Rs 10.1 lakh and Rs 17.5 lakh respectively.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.