DCHFC earns Rs 43.60 crore profit

Delhi Cooperative Housing Financial Corporation (DCHFC) has earned profit of Rs 43.60 crore from the interest amount of housing loans given to the group housing societies.

The chairman of the (DCHFC) Sukhbir Singh Pawar informed that the Corporation is a Delhi government premier co-operative finance body which gives loans to boost the co-operative group housing societies for developing the housing facilities to the people. He said the Corporation extends housing loans to the people on the low rate of interest enabling people to own their dwellings. 

Earlier, the DCHFC used to grant loans for group housing but now it has opened its doors for granting housing loans to the common man/individuals.

Pawar further informed that the DCHFC gives special rebate of 0.5% on interest to the employees of Central Government, state governments, employees of PSUs, corporations and bodies for seeking loans.

He said that due to liberalized policy of providing housing loans to the co-operative group housing, the DCHFC has earned popularity in the field of cooperative sector and has become perhaps number one Corporation in the country with regard to earning profitability. He said the Corporation has remarkably earned Rs 43.60 crore during the last financial year on housing loans in Delhi.