The Housing Finance Companies (HFCs) and banks have voluntarily set a target to finance a minimum of 2000 flats in Haryana upto March 31, 2017.
This was revealed in a conference held on Pradhan Mantri Awas Yojana –Credit linked Subsidy Scheme (PMAY-ClSS) at Panchkula near here. The conference was held jointly by Housing Board, Haryana and National Housing Bank in which Secretary Housing Board Randhir Singh and Deputy General Manager, National Housing Bank, Vishal Goyal led their respective teams of officers.
During the conference, it was informed that under the PMAY-ClSS, the Central Government provides interest subsidy at the rate of 6.5 per cent on a housing loan of upto Rs six lakh to economically weaker sections of the society and low income group category.
In case of Housing Board, Haryana, the allotment of 13,203 flats for Below Poverty line (BPl) families is in process at different stations including Pinjore, Yamuna Nagar, Kurukshetra, Karnal, Panipat, Sonepat, Bahadurgarh, Faridabad, Palwal, Gurgaon, Dharuhera, Rewari, Jhajjar, Fatehabad, Ratia and Sirsa. All these flats are in accordance with the parameters of the PMAY-ClSS.
A spokesman of Haryana Housing Board said that the HFCs and banks, who participated in the conference included IIFl, PNB Housing Finance, HDFC, ICICI housing Finance, India Bull Housing Finance, lIC housing Finance, Dewan Housing Finance, Canfin Housing Finance, Reliance Home Finance, Shrivam Housing Finance, Punjab National Bank, Axis Bank, Oriental Bank of Commerce and Sarva Haryana Gramin Bank.
He said that the PMAY-ClSS is a win-win situation for the allottees of Housing Board, HFCs and the Haryana Housing Board.
As the allottees get interest subsidy, HFCs get business and Housing Board receives the full payment in one go instead of equal monthly installments of 13 years, he added.