LIC Housing Finance Ltd has set a target of disbursing Rs 55,000 crore worth loans during the current financial year, a top official said on Saturday.
LIC Housing Finance Ltd., Managing Director and CEO Siddhartha Mohanty said the company disbursed Rs 48,000 crore worth loans during the last financial year.
"We propose to achieve a target of Rs 55,000 crore disbursement. Last year it was Rs 48,000 crore..," he told reporters at the sidelines of the 22nd edition of two-day Mega Property Fair 'Ungal Illam'.
To a query, he said the company till date has managed to disburse Rs 26,000 crore worth loans.
On the company's financials, he said they were looking at bringing the Gross NPA below the level it stood last year.
"Currently, it is at 2.38 per cent. We are very much careful and paying attention to the recovery of loans. Compared to last year we want it to be less. Last year, the (Gross NPA) level was at 1.54 per cent," he said.
Noting that the real estate sector was witnessing gradual improvement while affordable housing segment was also showing good growth, he said, "the PMAY (Pradhan Mantri Awas Yojana) scheme constitutes 26 per cent of the company's portfolio. We are concentrating more and more on that segment."