IIFL Home Finance has entered into a MoU with the government of Maharashtra for extending the benefits of Credit Linked Subsidy Schemes (CLSS) under PMAY across the state to home buyers belonging to affordable housing segment. Through the MoU, the state’s housing department will make provisions and facilitate permissions for IIFL HFL to educate customers and enlighten them about the benefits of PMAY. The company will be able to conduct on the spot counseling for home buyers visiting its branches, give presentations to defined audiences and proactively call potential customers to facilitate home loans helping them avail CLSS subsidy benefits. Monu Ratra, CEO, IIFL Home Finance, said with a network of over 10 HFCs and over 150 NBFC branches located across the state, this MoU will allow the company to distribute the benefits of Pradhan Mantri Awas Yojana among the affordable housing segment of home buyers. Sanjay Kumar, additional chief secretary, Housing Department, Hemkumar Gopalakrishnan, regional manager, NHB) and Ajay Jaiswal and Sundeep Bhatia from IIFL HFL were present. IIFL HFL has been one of the leaders in CLSS scheme working towards financial inclusion with customized product such as ‘Swaraj Home Loan’.
