LICHFL Targets Doubling Affordable Housing Loans in 2 Years

09 Feb 2024 CW Team

LIC Housing Finance Limited (LICHFL) is setting ambitious targets to double its share of affordable housing loans within the next two years. Under Prime Minister Awas Yojana, the company plans to expand its focus on lending for affordable housing projects, aiming to capitalize on the growing demand in this segment. This strategic move comes as the government continues to emphasize the importance of affordable housing initiatives in India's development agenda.

LICHFL is optimistic about the prospects in the affordable housing sector, buoyed by supportive government policies and increasing demand from homebuyers. The company's top official highlighted this goal, underlining the commitment to catering to the needs of low and middle-income homebuyers. By aligning with PM Awas Yojana and leveraging its expertise in housing finance, LICHFL aims to play a significant role in providing affordable housing solutions across the country.

The expansion of affordable housing lending is expected to fuel growth for LICHFL while contributing to the government's broader objective of promoting homeownership among economically weaker sections of society. With a focused approach and strategic initiatives, LICHFL is positioned to emerge as a key player in India's affordable housing finance landscape, driving inclusive growth and socio-economic development.

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