PNB Housing Finance Powers PMAY-U 2.0 and Financial Inclusion to Accelerate Housing Development in Gujarat
- Sanctions ~₹1,530 crore to over 10,000 eligible beneficiaries
- Strengthens commitment to Government’s ‘Housing for All’ and PMAY-U 2.0 agenda
- Diverse product offerings empower citizens to achieve home ownership
Ahmedabad, 02 December: PNB Housing Finance Limited, one of India’s leading housing finance companies, reaffirmed its commitment to supporting home ownership in Gujarat, with a continued emphasis on enabling customers to benefit from the Pradhan Mantri Awas Yojana (PMAY). As part of its strategic focus on PMAY-U 2.0, PNB Housing Finance is helping families – especially first-time buyers – navigate the journey seamlessly, while supporting the government’s broader ‘Housing for All’ vision. The Company addressed a media conference in Ahmedabad where Mr. Jatul Anand, Executive Director, and Mr. Mukesh Agarwal, Chief Sales Officer were present, sharing insights on the roadmap and commitment to PMAY-U 2.0.
PNB Housing’s affordable housing solution, Roshni Home Loans, caters to low and middle income households aspiring to begin their home ownership journey, particularly in semi-urban regions of the country. Gujarat remains a key growth region for the Company, with 26 branches including 14 dedicated Roshni branches, ensuring deep penetration in the state and better accessibility for customers. The Company also offers tailored solutions for the informal and self-employed segments through its Affordable housing and Emerging Markets lending solutions, thus widening the reach of housing finance beyond traditional income documentation.
Commenting on the Company’s direction, Jatul Anand, Executive Director, PNB Housing Finance, said: “We deeply appreciate the Government’s visionary initiatives like PMAY-U 2.0, which has transformed the housing landscape and brought people closer to their dream of home ownership. Gujarat has emerged as one of our most promising markets, and we are proud to support the mission of simplifying access to home loans for the consumers. We remain committed to driving financial inclusion by creating awareness among citizens about the PMAY-U 2.0 scheme and enabling interest subsidy benefits, thus contributing to the larger goal of nation building and Viksit Bharat.”
To amplify awareness and encourage adoption of PMAY-U 2.0, PNB Housing Finance will conduct mass outreach campaigns across Gujarat, including interactive sessions in semi-urban districts and targeted programmes for the listed beneficiaries. These initiatives will help aspiring home owners understand their eligibility, interest subsidy benefits, and end-to-end process for availing PMAY-linked loans through trusted lending partners like PNB Housing Finance.
The Company has continued its digital transformation journey, offering a seamless customer experience through a cutting-edge tech stack and omni-channel presence. It recently secured a credit rating upgrade from ‘IND AA+’ to ‘IND AAA’ from India Ratings, demonstrating continued financial strength and asset quality improvement. With a roadmap to achieve ₹1 lakh crore loan book by FY27 and a pan India network of over 500 branches, PNB Housing Finance is focused on driving housing-led development.
About PNB Housing Finance
PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNB Housing is promoted by Punjab National Bank (PNB). The Company came out with a public issue of equity shares in November 2016. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7th November 2016. With over three decades of specialised experience in housing finance, PNB Housing has a robust network of branches spread across the country which help its customers avail financial services (loans and deposits) seamlessly. PNB Housing provides housing loans to individuals and corporate bodies for purchase, construction, repair and upgradation of houses. It also provides loans for commercial space, loan against property and loan for purchase of residential plots.
For more information, please contact:
Mr. Bhavya Taneja
Chief Marketing Officer
Phone: +91 124 6030500, + 91 89296 08392
Email: bhavya.taneja@pnbhousing.com
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