DHFL created thousands of fake loan accounts. Between 2007 and 2019, a total of 2,60,315 fake accounts were created under PMAY scheme.
The CBI has registered a case against Dewan Housing Finance Limited (DHFL) promoters Kapil and Dheeraj Wadhawan on Wednesday. They are accused of Rs 1,880 crore corruption scam in the Pradhan Mantri Awas Yojana (PMAY). As per the reports, the DHFL promoters made several fake documents of home loans. Both brothers are currently in jail in connection with money laundering in PMC Bank scam case.
According to the CBI, Kapil and Dheeraj Wadhawan created fake documents related to home loan accounts. Under this, a loan of Rs 11,755 crore was given. Of this, 1,880 crore was received under interest subsidy.
DHFL accused of opening more than 2.5 lakh fake accounts
Last year, the firm Thornton, which deals with insurance and tax, submitted a forensic report. It was revealed in the report that DHFL created thousands of fake loan accounts. Between 2007 and 2019, a total of 2,60,315 fake accounts were created. After this, 11,755 crore rupees were deposited in the Mumbai-based.
In the final report, information about 91 such fake units has come out. It was also discovered that no security or collateral was granted in advance of the issuance of these loans.
Prime Minister’s Housing Scheme
The Central Government’s Pradhan Mantri Awas Yojana (PMAY) aims to provide housing to all the people of the country. Under the scheme, the government has planned to give homes to the homeless by 2022. Under the scheme, the government constructs houses and provides them to people seeking the benefits under the scheme. It is available to the people in the low and middle income group. It is a credit linked interest subsidy. It has an annual subsidy ranging from 3 to 6.5%.
Housing scheme was started in 2015
The central government started the Pradhan Mantri Awas Yojana in the year 2015. The plan is divided into 3 phases. The first phase of the plan began in June 2015, ending in March 2017. The second phase started in April 2017 and ended in March 2019. The third and last phase started in April 2019 and will end by March 2022.