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Aadhar Housing Finance has passed on a government subsidy of ₹175.56 crore received from National Housing Bank to eligible customers. The home finance company has said in a release that the receipt of subsidy from NHB has been passed on to 7,592 customers in the economically weaker section and low income group, who were eligible to claim the subsidy under Pradhan Mantri Awas Yojana (PMAY).
“This will reduce their monthly EMI payout. By end-December 2018, Aadhar Housing has passed on government CLSS subsidy to close to 10,000 families,” said Deo Shankar, Managing Director and Chief Executive of Aadhar Housing Finance.
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