ISFC wins award for affordable housing finance

India Shelter Finance Corporation Limited (ISFC) bagged the “Housing Finance Company Lending for Affordable Housing” award at The Inclusive Finance India Awards. ISFC has worked to enable access to housing loans for low-income families that are left out of the opportunity of affordable finances.

At the Secretariat Presentation Award Ceremony, held in New Delhi, ISFC’s CEO Anil Mehta was felicitated by the Minister of Finance and Corporate Affairs Anurag Thakur. Selection of the “Housing Finance Company Lending for Affordable Housing” award was based on the company’s outreach, asset quality, growth, and commitment to the development of the low-income families by helping them get access to safe and improved home loans.

India Shelter Finance Corporation has been working to help first-generation urban families get access to housing credit since 2010. The company has worked to set up a hassle-free loan management process that serves the middle and lower segment.

Upon receiving the award, Anil Mehta said, "What we do is one of the highest impact economic activity, where we have helped around 70,000 families. We employ about 1,300 people in 13 states and hope to have our presence all over the country in the near future."

The awards are organised by ACCESS Development Services, an NGO, in partnership with HSBC India.

Written from a company news release.