Aadhar Housing Finance receives fresh CLSS subsidy of Rs. 176 Crore from NHB
Aadhar Housing Finance, one of the largest affordable
housing finance companies in India, has received fresh CLSS subsidy of
Rs. 175.56 crores from National
Housing Bank (NHB). The received amount was for 7592 customers in the
Economically Weaker Section (EWS) and Low Income Group (LIG) who were
eligible under Pradhan Mantri Awas Yojana(PMAY). The received subsidy is
being passed
on to the customers’ loan account and will reduce their monthly payable EMI. As on 31st Dec 2018, Aadhar has received and passed on Govt. CLSS subsidy to close to 10,000 families.
Mr.
Deo Shankar Tripathi, MD & CEO of Aadhar housing finance said
“Aadhar is dedicated to enable home ownership to the low income (LIG)
and economically weaker sections (EWS) of
the country and PMAY is a great boost to this vision. Our teams create
extensive awareness on PMAY through various awareness drives at the
ground level and provide full assistance to the eligible customers to
receive the credit linked subsidy to support the
govt’s vision of Housing for all by 2022”.
Aadhar Housing Finance Limited (Aadhar),
erstwhile DHFL Vysya Housing Finance Ltd, a subsidiary of Wadhawan
Global Capital (WGC), is one of the largest affordable housing finance
companies in India servicing the home financing
needs of the low-income and economically weaker segments of the
society.
Aadhar is backed by the World Bank
through the equity participation of International Finance Corporation
(IFC). Today, its 330 branches across 20 states and union territories
covering more than 2200 locations help to reach more
than 90% of the country’s low income population and provide credit
solutions that make home-ownership accessible to everyone.
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