IIFL Home Fin disburses over Rs 440 crore CLSS subsidy to 20,000 buyers
IIFL Home Finance on Monday said that it has disbursed over Rs 440 crore to about 20,000 beneficiaries under Credit Linked Subsidy Scheme (CLSS) of Pradhan Mantri AwasYojna (PMAY).
Till the month ended November 30, 2018, the company has approved home loans of up to Rs 2,700 crore under PMAY (Urban) CLSS scheme to beneficiary families belonging to EWS (Economically Weaker Section), LIG (Low Income Group) and Middle Income Group (MIG) categories.
MonuRatra, CEO of the company said,”CLSS subsidy scheme under PMAY has been well received by customers all over the country, especially first-time home buyers belonging to EWS and LIG category.”
The average ticket size for loan amount disbursed to customers under this scheme is Rs 13 lakhs in case of EWS/LIG.