IIFL HFL Facilitates PMAY Subsidy for Over 29,000 Families

 

NEW DELHI : IIFL Home Finance Limited (IIFL HFL) has facilitated Credit Linked Subsidy Scheme (CLSS) benefits under the Pradhan Mantri Awas Yojana (PMAY) for more than 29,000 families, supporting homeownership among eligible households in the affordable housing segment.

The initiative forms part of IIFL HFL’s broader focus on expanding access to housing finance for first-time and underserved homebuyers. Through the CLSS mechanism, eligible borrowers could receive an interest subsidy on qualifying home loans, reducing the effective cost of borrowing and making homeownership more accessible.

IIFL HFL has historically played a significant role in facilitating PMAY-linked subsidies. The company reported that it had facilitated CLSS subsidies for more than 50,000 households by February 2022, with subsidies exceeding ₹1,200 crore.

The company’s annual reports also highlight its focus on affordable housing, including lending to economically weaker sections (EWS) and low-income groups (LIG). IIFL HFL has continued to participate in government-backed affordable housing initiatives, including PMAY 2.0.

The milestone underscores the role of housing finance companies in connecting eligible homebuyers with government housing-support programmes and expanding access to formal housing finance across India.

By : The Realty Times — Real Estate News, Property Insights & Market Updates