HDFC Bank Ltd.

Leading private sectors bank, HDFC Bank and Axis Bank are likely to participate in providing loans to poor in Haryana for the housing under the state sponsored scheme. The state government has decided to fund Rs 1,600 crore to construct 3.5 lakh houses for poor in the two years.

As per this scheme, a house would cost around Rs 4 lakh while value of such house could be as high as Rs 14 lakh in NCR region. The banks are likely to fund loans of around Rs 2.5 lakh for beneficiaries and risk of the banks' will be covered under the Credit Guarantee Fund.