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Last fiscal, the total disbursements of housing loans by PSBs and HFCs in 2017-18 also showed a growth of 33 % (Rs 3 lakh crore) as against Rs 3.2 lakh crore in 2016-17.(HT Photo)

78% of new accounts booked in 2017-18 were home loans under Rs 25 lakh category: NHB

By Moushumi Das Gupta | Hindustan Times, Delhi
UPDATED ON JUN 28, 2018 07:54 AM IST
Under PMAY, launched by Prime Minister Narendra Modi in 2015 to provide housing for all by 2022, the Centre provides an interest subsidy on housing loans to the Economically Weaker Section/Low Income group and Middle Income group. The increased numbers point to a revival in the housing sector, clearly showing that the scheme is working, says NHB official.
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