Chola, HUDCO in pact on affordable housing plan
Cholamandalam Investment and Finance Company Limited (Chola) announced a strategic partnership with Housing and Urban Development Corporation Limited (HUDCO). The tie up with HUDCO, a government-owned company, will enable Chola to extend benefits under the Credit Linked Subsidy Scheme, which is part of the Pradhan Mantri Awas Yojana — Housing for All (Urban), to its eligible customers, including self-employed non-professional customers. “This partnership will also help us extend the CLSS scheme to our customers and take formal credit to the under-served markets thereby helping our customers enter better life,” said Vellayan Subbiah, managing director, Chola.
