New Delhi, February 20, 2018

The Union Government, in line with the Prime Minister͛s dream,
has taken it as one of the key policy initiatives and challenge of providing ͛Housing for All͛ by
2022. It has brought into play number of reforms and policies which provide the desired
impetus for the affordable housing sector. HDFC has been partnering this mission of
government wholeheartedly and has taken it as a mission and business objective to take the
government͛s flagship scheme, ͚Pradhan Mantri Awas Yojana (PMAY)͛ to the real beneficiaries
i.e. Economically Weaker Section (EWS) and Low/Middle Income Groups (LIG/MIG).

HDFC Ltd, India͛s premier housing finance company, today released a report on Credit Linked
Subsidy Scheme, a scheme under the aegis of ͚Pradhan Mantri Awas Yojana – Housing For All͛.
The report documents the efforts undertaken by HDFC to promote and propagate the CLSS.
Honorable Minister of State for Finance Shri. Shiv Pratap Shukla was the chief guest for the
event. Shri Sriram Kalyanaraman, Managing Director & Chief Executive Officer, National
Housing Bank , Shri Deepak Parekh, Chairman HDFC and Mrs Renu Sud Karnad , MD HDFC
graced the event. The event also saw august gathering of PSU chiefs, senior government
officers & other senior dignitaries.

One of the main reasons for HDFC͛s success towards ͚Housing For All͛ under PMAY was due to
the support it received from Ministry of Housing & Urban Affairs and NHB. HDFC has been
working and would continue working closely with PSUs to reach out to their employees.
Increased Focus on Affordable Housing
In support of the government͛s flagship scheme, ͚Housing For All͛, the Corporation has
increased its efforts towards loans to the Economically Weaker Section (EWS – Household
income up to Rs 3 lakh p.a) and Low Income Group (LIG – Household income greater that Rs 3
lakh up to Rs 6 lakh p.a).

During the nine months ended December 31, 2017, 39% of home loans approved in volume
terms and 20% in value terms have been to customers from the EWS and LIG segment.
The Corporation on an average has been approving 8,000 loans on a monthly basis to the EWS
and LIG segment, with monthly average approvals at approximately Rs 1,300 crore.
During the nine months ended December 31, 2017, in value terms, loans to the EWS and LIG
segment grew by 32% and 39% respectively over the corresponding period in the previous year.

The average home loan to the EWS and LIG segment stood at Rs 10.24 lakh and Rs 17.38 lakh

Efforts Towards CLSS:
Till date 4,452 towns across country have been notified as statutory towns under the Mission
and properties located in these towns are eligible for subsidy.
HDFC͛s report on ͞All for Housing͟ shares a glimpse about the government͛s CLSS scheme & its
features. It also talks about affordable housing which is the agenda set by government. Key
highlights of HDFC͛s Report are:
• HDFC has disbursed Rs. 2,800 crore loans under PMAY(U)
• 14,290 borrowers of HDFC across the country have benefitted. Total subsidy amount
has been Rs. 302 crores.
• Over 1,000 developers trained
• Reached over 30,000 channel employees and developer staff
• Over 2,000 HDFC͛s In-house staff trained
• In-House training module created
• Various seminars organized across country where NHB and Ministry official shared their
inputs and addressed queries
• Conducted online campaign on various social media platforms to reach out to wider

Apart from this, HDFC has been conducting seminars, presentations, Q&A sessions and on the
spot counseling to customers to educate them about the huge benefits of these schemes.
Speaking at the event, Ms. Renu Sud Karnad, Managing Director, HDFC Ltd said, ͞The current
government has laid focus on affordable housing with the launch of PMAY. Policies and
programmes developed from time to time supported by budgetary support, have brought in a
new era of reforms in the affordable housing sector. Given the massive response to the
scheme, government has improved the scheme from time to time by adding features such as
inclusion of MIG category in interest subvention scheme (CLSS), increasing the loan tenure to
20 years, extending the MIG scheme till March 2019, increasing in the carpet area of houses
under the CLSS for MIG, etc. Also continuing its commitment in providing homes for poor
people, finance minister in budget 2018 has stated that many as 31 lakh homes to be built in
urban areas in 2018-2019 and 51 lakh in rural areas. The finance minister has also has proposed
a dedicated affordable housing priority sector fund under the National Housing Bank (NHB).
This has renewed the interest of homebuyers in the Indian real estate sector and allowed first
time home buyers to avail more benefits to own a house. We are enthused by the government͛s thrust on providing affordable housing to all, our initiatives like HDFC Reach &
HDFC Star home loans for the informal sector are living up to the objectives of ͚All for Housing͛
and extend support to ͚Housing for All͛.͟
Under the CLSS EWS/LIG scheme HDFC has already provided loans worth Rs. 1,728 crore to
10,764 customers so far with a subsidy worth Rs 228 crore. While under the CLSS MIG schemes
HDFC has already provided loans worth Rs. 1,067 crore to 3,526 customers so far with a subsidy
worth Rs. 74 crore.
In its 40th year, HDFC continues to follow the vision laid down by its founding Chairman Shri. H
T Parekh of promoting affordable housing in the country and making India a ͚property owning
democracy͛. Also through rural housing finance, HDFC provides specially designed home loans
to agriculturists, planters, horticulturists, dairy farmers.
HDFC Ltd has been working to support the government͛s flagship scheme ͚PMAY͛. Recognizing
the performance in implementing the CLSS for EWS/LIG under PMAY(U), HDFC has been
awarded amongst the top performing institutions under the Credit Linked Subsidy Scheme.

About HDFC Ltd.
HDFC Ltd. is India͛s leading mortgage lender and a well – established financial conglomerate. It
has assisted more than 61 Lakh customers in acquiring their own home over the last 40 years.
With a wide network of 453 offices, it caters to 2,400 towns and cities across India. HDFC Ltd
has offices in London, Dubai and Singapore and service associates in Kuwait, Oman, Qatar,
Sharjah, Abu Dhabi and Saudi Arabia – Al Khobar, Jeddah and Riyadh to assist non-resident
Indians and PIO͛s.
For Any Media Queries, Contact:
Mr. Mahesh Shah,
Head-Public Relations,
Email Id:



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