Activity
To advance loans for construction of new houses, shop-cum-flats, shop-cum-offices and their recoveries.
Financial Position
(Amount in Lakh)
| Head | 2023-24 | 2024-25 (31.03.2025) |
|---|---|---|
| ||
| (a) Member Societies and Members | 259.31 | 217.17 |
| (b) Government | 2470.07 | 2522.32 |
| 2. Govt. Loan | 381.80 | 206.75 |
| 3. Recovery up to 31.03.2025 | 378.48 | 1083.76 |
| 4. Loan outstanding against Societies/Individuals | 2975.06 | 2571.54 |
| 5. Profit | 302.47 | 582.66 (tentative) |
Loan to Urban Poor
From the year 2012-13, the Federation provided loans under Government-approved schemes to Urban Poor i.e. Scheduled Castes, Backward Classes, and Economically Weaker Sections for construction of houses for residential purposes @ 7% interest per annum. The maximum loan amount is Rs. 12.50 lakh, repayable in 10 years through 40 quarterly equated instalments.
Loaning Operation
| Details | (Rs. in Lakh) | |
|---|---|---|
| (i) | Loan outstanding as on 31.03.2025 | 2571.54 |
| (ii) | Interest Recoverable from Societies as on 31.03.2025 | 14243.24 |
Issue Resolved
Rs. 50 crore have been paid in lump sum to the Life Insurance Corporation of India, Mumbai, to clear all liabilities. LIC has issued a No Dues Certificate (NOC) to Housefed.
Achievement
A One Time Settlement Scheme for Societies/Individuals has been approved by the Haryana Government to provide relief to loanee members. Recovery of more than Rs. 13 crore has been received from members of the Cooperative House Building Societies, Cooperative Group Housing Societies, and Associate Members under the scheme.