हमारा सहयोग, आपका फैसला, हर भारतीय का घर होगा अपना

Apr 18, 2016 9:30 IST 1369 views

The economy of India is rallying up; the developing sectors are significantly contributing to the GDP growth. Let us glance on the current trends and IIFL Home Loans’ initiatives towards making a better India.

Indian Economy Future Emerging Sectors

Our economy rallied to 7.6% in 2015-16 (as per the Central Statistical Organization), thanks to emerging sectors of the Indian economy. Honorable Finance Secretary, Mr. Ashok Lavasa says, “We are focusing on capital spending in infra and social spending.”

It is likely India would see higher GDP growth rate in coming years. In order to make all round development of the Indian economy, adequate lending is required for the future emerging sectors.

What all areas come under the purview of future emerging sectors?

Sectors -

  • Housing/Home loans
  • Micro & Small Enterprises
  • Education
  • Agriculture
  • Export Credit
  • Social Infrastructure
  • Renewable Energy
  • Others

To ensure economic growth, RBI has instructed banks the institutions to lend loans to these developing sectors. If we talk about the important component “housing”, banks and NBFCS are lending home loans PAN India to make people turn their dreams into reality.

Indian Government Initiatives

For 83.3 crore Rural Indians and 37.7 crore Urban Indians (2011 Census), housing is necessity and Government are leaving no stone unturned to make every Indian the owner of their own homes. Hon’ble Prime Minister envisioned Housing for All (HFA) by 2022 when the Nation completes 75 years of its Independence.

The government has launched “Housing for All by 2022”. This mission addresses the concern of slum dwellers and urban poor. Some notable points –

  • Rehabilitation of slum dwellers with the help of private developers
  • Interest subsidy up to maximum Rs 2,20,000 on home loans to average Indian middle-class people under the Credit linked incentive scheme of PMAY
  • Affordable housing in partnership

Skilled and semi-skilled average middle-class Indians can avail home loans up to 28 lakh in towns and up to 20 lakh in other centers subject to terms and conditions. India will see 200 smart cities under the flagship Smart Cities Mission. There will be better facilities of water, electricity, energy, education, transport etc.

IIFL Home Loans’ Initiatives

We, IIFL Home Loans care for “YOU” and thus keen to help “YOU” to make your dream home hassle-free. Within a short span of time, we have shown a remarkable growth and this is because of “YOU” only. We believe in government mission, “housing for all by 2022” and thus provide home loans under Credit Linked Incentive Scheme of Pradhan Mantri Awas Yojana.

Our Initiatives -

We also care for “average Indian middle class” and thus bring forth New Home Loan Scheme. Under this scheme, home loan for low-income earners is available hassle-free with convenience, subject to terms and conditions.

Our IIFL Home Loan app is in tune with the latest technology. One can track his information easily here. Plus, we are going to sanction the home loans within 3-4 days. This will be a unique initiative driven towards people benefit.  To give you a seamless experience, we offer better customer support and guide you in the right direction.



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