HDFC corners over 15% of CLSS for affordable housing

With over Rs 7,200 crore in subsidy disbursals, Housing Development Finance Corporation (HDFC) has cornered over 15 per cent of the credit-linked subsidy scheme (CLSS) for affordable housing since its launch in June 2016.

The company has also won the best housing finance company award from the government for this for the third time this year.

HDFC corners
HDFC corners

The company has over 3.13 lakh CLSS customers, who have cumulatively borrowed more than Rs 67,000 crore from them since the launch of the plan under the Pradhan Mantri Awas Yojana (PMAY).

These customers have received more than Rs 7,200 crore in subsidies, which is a tad over 15 per cent of the total subsidy of Rs 48,250 crore given by the government.

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.