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10-May2017

Cholamandalam inks pact with HUDCO

Cholamandalam Investment and Finance Company has entered into a strategic partnership with Housing & Urban Development Corporation (HUDCO). The tie-up will enable Chola to extend benefits under the credit-linked subsidy scheme (CLSS), which is part of the Pradhan Mantri Awas Yojana (URBAN)-Housing, to its eligible customers. The partnership will also help Chola extend the CLSS scheme to its customers and take formal credit to the underserved markets.

Cholamandalam Investment & Finance Company is among the top 5 NBFC's in the country operating in vehicle finance, home equity, corporate and mortgage finance segments with subsidiaries in the broking and wealth advisory space.

 


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