Lok Sabha Question No. 3248 (UNSTARRED), answered on 2015-12-18
Subject: Home Loans
Ministry: FINANCE
Asked by: SUNIL KUMAR SINGH, BHAGWANTH KHUBA

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

## LOK SABHA UNSTARRED QUESTION NO.3248

## TO BE ANSWERED ON THE 18 th December, 2015/AGRAHAYANA 27, 1937 (SAKA)

## HOME LOANS

## 3248. SHRI SUNIL KUMAR SINGH: SHRI BHAGWANTH KHUBA:

Will the Minister of FINANCE be pleased to state:

- (a) whether the Government has any proposal/scheme to provide home loan to the poor at affordable/subsidy interest rates;
- (b) if so, the details thereof along with the details of home loan applications received/pending in the banks and State-wise including Jharkhand;
- (c) the amount of such loan disbursed during each of the last three years and the current year, bank and State-wise; and
- (d) the other steps taken/being taken by the Government in this regard?

## Answer

The Minister of State in the Ministry of Finance

## (SHRI JAYANT SINHA)

(a) & (b): Under Credit Linked Subsidy Scheme (CLSS) of Pradhan Mantri Awas Yojana (PMAY) launched by Ministry of Housing and Urban Poverty Alleviation (Mo/HUPA), Economically Weaker Section (EWS) having household annual income upto Rs. 3.00 lakh and Low Income Group (LIG) having household annual income between Rs. 3.00 lakh and upto Rs. 6.00 lakh can avail of interest subsidy at the rate of 6.5% on the housing loans from Banks, Housing Finance Companies and other such institutions upto Rs. 6.00 lakh for a tenure of 15 years or actual tenure of loan whichever is earlier. These loans can be utilized for acquisition, construction and extension of house. The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9%.

Details regarding home loan applications received / pending is not Centrally maintained.

(c) A statement of housing loans disbursed bank wise by Public Sector Banks (PSBs) for the last three years and the current year is at Annexure - I.

(d) Government of India through National Housing Bank (NHB) has launched several refinance support schemes at reduced rates of interest to Member Lending Institutions (MLIs) for on-lending to the weaker sections of the society.

*****

## Annexure I

## Bank-wise Disbursed Of Housing Loans data of Public Sector Banks

(Amount in Rs. Crores)

| S.No.   | Name of the Bank               | FY-2012-13   | FY 2013-14   | FY 2014-15   | Apr-September 2015   |
|---------|--------------------------------|--------------|--------------|--------------|----------------------|
| S.No.   | Name of the Bank               | Disbursed    | Disbursed    | Disbursed    | Disbursed            |
| 1       | Allahabad Bank                 | 1,304        | 1,835        | 2,126        | 1,168                |
| 2       | Andhra Bank                    | 1,399        | 1,762        | 2,537        | 1,051                |
| 3       | Bank of Baroda                 | 4,062        | 5,662        | 4,923        | 2,403                |
| 4       | Bank of India                  | 3,175        | 4,433        | 5,529        | 1,871                |
| 5       | Bank of Maharasthra            | 2,159        | 2,894        | 2,013        | 747                  |
| 6       | Canara Bank                    | 2,188        | 5,737        | 6,685        | 2,761                |
| 7       | Central Bank of India          | 2,307        | 3,916        | 4,508        | 2,462                |
| 8       | Corporation Bank               | 2,841        | 3,325        | 3,140        | 1,578                |
| 9       | Dena Bank                      | 640          | 890          | 942          | 464                  |
| 10      | Indian Bank                    | 1,317        | 2,210        | 2,220        | 1,078                |
| 11      | Indian Overseas Bank           | 1,512        | 1,717        | 1,673        | 888                  |
| 12      | Oriental Bank of Commerce      | 1,963        | 1,883        | 2,035        | 1,299                |
| 13      | Punjab National Bank           | 3,966        | 5,094        | 6,681        | 3,763                |
| 14      | Punjab & Sind Bank             | 706          | 734          | 896          | 460                  |
| 15      | Syndicate Bank                 | 1,292        | 1,649        | 2,865        | 1,654                |
| 16      | UCO Bank                       | 1,369        | 3,970        | 4,790        | 2,201                |
| 17      | Union Bank of India            | 3,594        | 4,973        | 9,258        | 2,651                |
| 18      | United Bank of India           | 994          | 1,324        | 1,227        | 770                  |
| 19      | Vijaya Bank                    | 1,043        | 1,635        | 1,903        | 1,195                |
| 20      | State Bank of India            | 23,863       | 28,517       | 29,238       | 15,977               |
| 21      | State Bank of Bikaner & Jaipur | 782          | 1,020        | 1,436        | 767                  |
| 22      | State Bank of Hyderabad        | 2,457        | 2,658        | 2,936        | 1,233                |
| 23      | State Bank of Mysore           | 778          | 1,128        | 1,284        | 517                  |
| 24      | State Bank of Patiala          | 1,068        | 1,317        | 1,374        | 704                  |
| 25      | State Bank of Travancore       | 1,896        | 2,211        | 3,008        | 1,062                |
| 26      | IDBI Bank Ltd.                 | 3,182        | 6,294        | 7,135        | 2,917                |
|         | Total                          | 71,857       | 98,787       | 112,364      | 53,641               |