Lok Sabha Question No. 4143 (UNSTARRED), answered on 2021-03-22
Subject: Home Loans from NBFCs
Ministry: FINANCE
Asked by: Umesh G. Jadhav

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK  SABHA

## UN-STARRED QUESTION NO. 4143

TO BE ANSWERED ON 22 nd  MARCH, 2021/ 01 CHAITRA 1943 (SAKA)

## 'HOME LOANS FROM NBFCs'

4143: Smt Kirron Kher :

Dr. Umesh G. Jadhav :

Will the Minister of FINANCE be pleased to state :

- (a) whether the Government has any record regarding the number of houses constructed and the quantum of funds utilised under the Pradhan Mantri Awas Yojana- Gramin (PMAY-G) during each of the last three years and the current year, if so, the details thereof, State-wise including Uttar Pradesh;
- (b) whether the Government has set any target regarding the completion of PMAY-G and if so, the details thereof;
- (c) whether the Government has ever assessed the total number of persons who have taken home loans from NBFCs and from Nationalised/Commercial Banks separately, if so, the details thereof and if not, the reasons therefor;
- (d) whether the Government is aware that some NBFCs are charging almost double rate of interest on home loans as compared to nationalized banks, if so, the details thereof and the corrective steps taken against such exploitative institutions; and
- (e) whether the Government has received any complaint against NBFCs for not helping their customers for availing Pradhan Mantri Awas Yojana and other related issues and if so, the details thereof along with the concrete steps taken by the Government against such NBFCs?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE

(SHRI ANURAG SINGH THAKUR)

- (a):  As  informed  by  Ministry  of  Rural  Development  (MoRD),  State/Union  territory  wise number of houses constructed and quantum of funds utilised under the Pradhan Mantri Awas Yojana- Gramin (PMAY-G) during last three years and in FY 2020-21 up to 18.03.2021 is enclosed at Annexure-1 .
- (b): As informed by MoRD to achieve the objective of 'Housing for All', the target number of houses to be constructed by the year 2021-22, is 2.95 Crore.

(c) to (e): As informed by National Housing Bank (NHB) and Reserve Bank of India (RBI), the  number  of  Housing  loan  accounts  with  Housing  Finance  Companies  (HFCs)  and Nationalised/ Scheduled Commercial Banks (SCBs) during last 3 years are as follows:

|   Year (as on 31 st March) | No. of Housing loan of HFCs   | No. of Housing loan of SCBs (including Regional Rural Banks)   |
|----------------------------|-------------------------------|----------------------------------------------------------------|
|                       2018 | 49,58,312                     | 83,48,047                                                      |
|                       2019 | 56,21,107                     | 89,30,646                                                      |
|                       2020 | 55,44,551                     | 98,17,180                                                      |

RBI has informed that the rate of interest charged by NBFCs including HFCs is as per their Board  approved  policies  taking  into  account  relevant  factors  such  as  cost  of  funds,  risk premium, margin, etc. HFCs disclose the rate of interest to the borrowers in the loan agreement and also display in their website etc.

According to NHB, which carries out the supervision for HFCs, during the Financial Year 2020-21  up  to  28.02.2021,  142  complaints  were  received  on  delay  in  uploading  the subsidy/Non- cooperation by the HFCs and all complaints are closed as per procedure.

Further as informed by Ministry of Housing and Urban Affairs (MoHUA), Government has launched a Credit Link Subsidy Scheme (CLSS) Awas Portal (CLAP) for more efficient and transparent  processing  of  the  claims  and  seamless  disbursement  of  interest  subsidy  to  the beneficiaries. This Portal is beneficiary friendly and also has a CLSS Tracker which enables beneficiaries to track the status of their applications. MoHUA has also set up a dedicated public Grievance Cell to address the issues in coordination with States/UTs and Central Nodal Agencies (CNAs). Grievance received against PLIs in connection with the implementation of CLSS are sent to CNAs for remedial action.

*****

| Annexure-I to reply of Lok Sabha Unstarred Question No. 4143 for answer on 22nd March 2021 regarding "Home Loan from NBFCs''   | Annexure-I to reply of Lok Sabha Unstarred Question No. 4143 for answer on 22nd March 2021 regarding "Home Loan from NBFCs''   | Annexure-I to reply of Lok Sabha Unstarred Question No. 4143 for answer on 22nd March 2021 regarding "Home Loan from NBFCs''   | Annexure-I to reply of Lok Sabha Unstarred Question No. 4143 for answer on 22nd March 2021 regarding "Home Loan from NBFCs''   | Annexure-I to reply of Lok Sabha Unstarred Question No. 4143 for answer on 22nd March 2021 regarding "Home Loan from NBFCs''   | Annexure-I to reply of Lok Sabha Unstarred Question No. 4143 for answer on 22nd March 2021 regarding "Home Loan from NBFCs''   | Annexure-I to reply of Lok Sabha Unstarred Question No. 4143 for answer on 22nd March 2021 regarding "Home Loan from NBFCs''   | Annexure-I to reply of Lok Sabha Unstarred Question No. 4143 for answer on 22nd March 2021 regarding "Home Loan from NBFCs''   | Annexure-I to reply of Lok Sabha Unstarred Question No. 4143 for answer on 22nd March 2021 regarding "Home Loan from NBFCs''   | Annexure-I to reply of Lok Sabha Unstarred Question No. 4143 for answer on 22nd March 2021 regarding "Home Loan from NBFCs''   |
|--------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|
| S.No                                                                                                                           | State Name                                                                                                                     | 2017-2018                                                                                                                      | 2017-2018                                                                                                                      | 2018-2019                                                                                                                      | 2018-2019                                                                                                                      | 2019-2020                                                                                                                      | 2019-2020                                                                                                                      | 2020-2021 (upto18.03.2021)                                                                                                     | 2020-2021 (upto18.03.2021)                                                                                                     |
| S.No                                                                                                                           | State Name                                                                                                                     | No. of House Constructed                                                                                                       | Fund Utilized Rs. (Cr)                                                                                                         | No. of House Construc ted                                                                                                      | Fund Utilized Rs. (Cr)                                                                                                         | No. of House Constructed                                                                                                       | Fund Utilized Rs. (Cr)                                                                                                         | No. of House Constructed                                                                                                       | Fund Utilized Rs. (Cr)                                                                                                         |
| 1                                                                                                                              | WEST BENGAL                                                                                                                    | 589,790                                                                                                                        | 7,868                                                                                                                          | 739,779                                                                                                                        | 7,759                                                                                                                          | 286,340                                                                                                                        | 8,845                                                                                                                          | 624,098                                                                                                                        | 9,611                                                                                                                          |
| 2                                                                                                                              | UTTARAKHAND                                                                                                                    | 6,237                                                                                                                          | 71                                                                                                                             | 5,925                                                                                                                          | 60                                                                                                                             | 192                                                                                                                            | 6                                                                                                                              | 16                                                                                                                             | 1                                                                                                                              |
| 3                                                                                                                              | UTTAR PRADESH                                                                                                                  | 817,035                                                                                                                        | 10,241                                                                                                                         | 426,590                                                                                                                        | 4,773                                                                                                                          | 174,168                                                                                                                        | 2,200                                                                                                                          | 28,957                                                                                                                         | 4,104                                                                                                                          |
| 4                                                                                                                              | TRIPURA                                                                                                                        | 3,333                                                                                                                          | 231                                                                                                                            | 20,690                                                                                                                         | 83                                                                                                                             | 6,155                                                                                                                          | 207                                                                                                                            | 14,867                                                                                                                         | 93                                                                                                                             |
| 5                                                                                                                              | TELANGANA                                                                                                                      | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              |
| 6                                                                                                                              | TAMIL NADU                                                                                                                     | 78,680                                                                                                                         | 939                                                                                                                            | 104,388                                                                                                                        | 1,354                                                                                                                          | 49,987                                                                                                                         | 975                                                                                                                            | 48,246                                                                                                                         | 576                                                                                                                            |
| 7                                                                                                                              | SIKKIM                                                                                                                         | 372                                                                                                                            | 9                                                                                                                              | 646                                                                                                                            | 4                                                                                                                              | 34                                                                                                                             | 0                                                                                                                              | 13                                                                                                                             | 0                                                                                                                              |
| 8                                                                                                                              | RAJASTHAN                                                                                                                      | 317,728                                                                                                                        | 4,185                                                                                                                          | 326,595                                                                                                                        | 3,161                                                                                                                          | 166,764                                                                                                                        | 2,992                                                                                                                          | 271,751                                                                                                                        | 3,297                                                                                                                          |
| 9                                                                                                                              | PUNJAB                                                                                                                         | 608                                                                                                                            | 31                                                                                                                             | 12,751                                                                                                                         | 129                                                                                                                            | 410                                                                                                                            | 35                                                                                                                             | 2,545                                                                                                                          | 57                                                                                                                             |
| 10                                                                                                                             | PUDUCHERRY                                                                                                                     | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              |
| 11                                                                                                                             | ODISHA                                                                                                                         | 431,670                                                                                                                        | 5,810                                                                                                                          | 403,128                                                                                                                        | 4,577                                                                                                                          | 361,188                                                                                                                        | 5,460                                                                                                                          | 350,030                                                                                                                        | 4,224                                                                                                                          |
| 12                                                                                                                             | NAGALAND                                                                                                                       | 0                                                                                                                              | 0                                                                                                                              | 17                                                                                                                             | 39                                                                                                                             | 3,687                                                                                                                          | 15                                                                                                                             | 535                                                                                                                            | 0                                                                                                                              |
| 13                                                                                                                             | MIZORAM                                                                                                                        | 1,333                                                                                                                          | 23                                                                                                                             | 900                                                                                                                            | 8                                                                                                                              | 997                                                                                                                            | 31                                                                                                                             | 981                                                                                                                            | 13                                                                                                                             |
| 14                                                                                                                             | MEGHALAYA                                                                                                                      | 260                                                                                                                            | 102                                                                                                                            | 11,329                                                                                                                         | 107                                                                                                                            | 4,995                                                                                                                          | 57                                                                                                                             | 3,575                                                                                                                          | 164                                                                                                                            |
| 15                                                                                                                             | MANIPUR                                                                                                                        | 66                                                                                                                             | 66                                                                                                                             | 7,655                                                                                                                          | 50                                                                                                                             | 1,151                                                                                                                          | 8                                                                                                                              | 1,628                                                                                                                          | 76                                                                                                                             |
| 16                                                                                                                             | MAHARASHTRA                                                                                                                    | 145,631                                                                                                                        | 1,970                                                                                                                          | 201,969                                                                                                                        | 0                                                                                                                              | 92,278                                                                                                                         | 1,874                                                                                                                          | 133,970                                                                                                                        | 293                                                                                                                            |
| 17                                                                                                                             | MADHYA PRADESH                                                                                                                 | 636,354                                                                                                                        | 7,875                                                                                                                          | 679,290                                                                                                                        | 7,297                                                                                                                          | 271,274                                                                                                                        | 4,146                                                                                                                          | 240,646                                                                                                                        | 3,330                                                                                                                          |
| 18                                                                                                                             | LAKSHADEEP                                                                                                                     | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 9                                                                                                                              | 0                                                                                                                              | 28                                                                                                                             | 0                                                                                                                              |
| 19                                                                                                                             | KERALA                                                                                                                         | 9,444                                                                                                                          | 103                                                                                                                            | 6,519                                                                                                                          | 43                                                                                                                             | 779                                                                                                                            | 12                                                                                                                             | 581                                                                                                                            | 22                                                                                                                             |
| 20                                                                                                                             | KARNATAKA                                                                                                                      | 34,317                                                                                                                         | 538                                                                                                                            | 43,760                                                                                                                         | 597                                                                                                                            | 7,085                                                                                                                          | 43                                                                                                                             | 2,131                                                                                                                          | 0                                                                                                                              |
| 21                                                                                                                             | JHARKHAND                                                                                                                      | 188,299                                                                                                                        | 3,089                                                                                                                          | 272,679                                                                                                                        | 2,749                                                                                                                          | 156,975                                                                                                                        | 3,372                                                                                                                          | 187,347                                                                                                                        | 3,481                                                                                                                          |
| 22                                                                                                                             | JAMMU AND KASHMIR                                                                                                              | 1,979                                                                                                                          | 96                                                                                                                             | 14,442                                                                                                                         | 186                                                                                                                            | 5,610                                                                                                                          | 214                                                                                                                            | 19,525                                                                                                                         | 487                                                                                                                            |
| 23                                                                                                                             | HIMACHAL PRADESH                                                                                                               | 3,504                                                                                                                          | 39                                                                                                                             | 3,096                                                                                                                          | 35                                                                                                                             | 447                                                                                                                            | 11                                                                                                                             | 550                                                                                                                            | 18                                                                                                                             |
| 24                                                                                                                             | HARYANA                                                                                                                        | 6,676                                                                                                                          | 149                                                                                                                            | 5,961                                                                                                                          | 45                                                                                                                             | 6,670                                                                                                                          | 63                                                                                                                             | 1,206                                                                                                                          | 12                                                                                                                             |
| 25                                                                                                                             | GUJARAT                                                                                                                        | 95,281                                                                                                                         | 1,205                                                                                                                          | 83,096                                                                                                                         | 827                                                                                                                            | 35,589                                                                                                                         | 754                                                                                                                            | 47,404                                                                                                                         | 424                                                                                                                            |
| 26                                                                                                                             | GOA                                                                                                                            | 0                                                                                                                              | 0                                                                                                                              | 22                                                                                                                             | 1                                                                                                                              | 3                                                                                                                              | 1                                                                                                                              | 82                                                                                                                             | 0                                                                                                                              |
| 27                                                                                                                             | DAMAN AND DIU                                                                                                                  | 6                                                                                                                              | 0                                                                                                                              | 7                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 0                                                                                                                              |
| 28                                                                                                                             | DADRA & NAGAR HAVELI                                                                                                           | 1                                                                                                                              | 1                                                                                                                              | 197                                                                                                                            | 9                                                                                                                              | 221                                                                                                                            | 23                                                                                                                             | 382                                                                                                                            | 31                                                                                                                             |
| 29                                                                                                                             | CHHATTISGARH                                                                                                                   | 365,875                                                                                                                        | 4,157                                                                                                                          | 341,381                                                                                                                        | 3,878                                                                                                                          | 34,587                                                                                                                         | 959                                                                                                                            | 39,315                                                                                                                         | 944                                                                                                                            |
| 30                                                                                                                             | BIHAR                                                                                                                          | 28,135                                                                                                                         | 3,243                                                                                                                          | 581,833                                                                                                                        | 5,603                                                                                                                          | 376,220                                                                                                                        | 8,129                                                                                                                          | 786,866                                                                                                                        | 8,756                                                                                                                          |
| 31                                                                                                                             | ASSAM                                                                                                                          | 26,059                                                                                                                         | 1,458                                                                                                                          | 159,017                                                                                                                        | 1,150                                                                                                                          | 84,009                                                                                                                         | 2,047                                                                                                                          | 124,751                                                                                                                        | 1,115                                                                                                                          |
| 32                                                                                                                             | ARUNACHAL PRADESH                                                                                                              | 0                                                                                                                              | 0                                                                                                                              | 85                                                                                                                             | 0                                                                                                                              | 747                                                                                                                            | 0                                                                                                                              | 1,735                                                                                                                          | 4                                                                                                                              |
|                                                                                                                                | ANDHRA                                                                                                                         | 27,358                                                                                                                         | 264                                                                                                                            | 18,679                                                                                                                         | 265                                                                                                                            | 5                                                                                                                              | 10                                                                                                                             | 0                                                                                                                              | 0                                                                                                                              |
| 33 34                                                                                                                          | PRADESH ANDAMAN AND NICOBAR                                                                                                    | 0                                                                                                                              | 0                                                                                                                              | 1                                                                                                                              | 0                                                                                                                              | 286                                                                                                                            | 1                                                                                                                              | 339                                                                                                                            | 8                                                                                                                              |

Source: Ministry of Rural Development