Axis Bank to give loan under PMAY programme Updated On 2017-11-25

Axis Bank will give loan for 10,000 families for collaboration with Credit Linked Subsidy Component (CLSS) of Pradhan Manthri Awas Yojana (PMAY) for all the urban local bodies in the state of Kerala. An MoU regarding this was signed by Shri. S. Harikishore, Executive Director, Kudumbasree Mission and Shri. Umesh Arora, Executive Vice President, Axis Bank in the presence of Dr. K.T. Jaleel, Minister for Local Self-Government Department, government of Kerala .
As many as 68,000 people in 93 municipal bodies had applied for CLSS. The bank will provide loan to 10,000 people from 35 selected municipal bodies. The PMAY aims at housing for all in urban areas by 2022 when the country will celebrate its 75th Independence Day. Under the CLSS, those without houses will get loans through banks at low interest rates for buying houses, or building or renovating them. Kudumbasree is the nodal agency for PMAY in Kerala.
Initially, Starting from this month till February, Axis Bank will provide the loans for selected 2500 beneficiaries in Thiruvananthapuram and Kollam districts. Those living in urban areas for the past three years and whose family members do not have any habitable house in any part of the country are eligible for the scheme.
Shri. Anirudha Shinda, Head, Affordable housing Loans, Axis Bank, Shri. Dushyanth Sharma, Head, National Credit, Axis Bank. Shri Shibu Vargheese, South Zone Head, Affordable Housing Loans, Axis Bank, and other officials from Kudumbashree Mission also attended the function.