HOUSE FED
The Haryana State Cooperative Housing Federation Ltd., Panchkula came into existence on 7th June 1973 under the Haryana Cooperative Societies Act with an initial membership of 3 Cooperative House Building Societies which has now increased to 360. Since then it has been playing a significant role in enabling the people of Haryana to have an affordable house which in turn leads to a dignified life.
Housefed Haryana is a lending institution that advances long-term loans to its members through Primary Cooperative House Building Societies on the pledge of their properties for the construction of residential houses. The Federation caters to the loan requirements of lower-income groups, salaried classes, and petty shopkeepers. At present, the Federation borrows funds from the Life Insurance Corporation of India.
Objectives
- To grant loans or advances for the construction of new houses and shop-cum-flats.
- To acquire, purchase, and hire land, develop it into plots, and construct houses on it.
- To arrange bulk purchases of building materials.
- To facilitate the working of Primary Cooperative House Building Societies.
Activity
To advance loans for the construction of new houses, shop-cum-flats, shop-cum-offices, and ensure their recovery.
Financial Position
(Amount in Lakh)
| Head | 2024-25 (31.03.2025) |
|---|---|
| Share Capital (Member Societies and Members) | 217.17 |
| Share Capital (Government) | 2522.32 |
| Government Loan | 206.75 |
| Recovery up to 31.03.2025 | 1083.76 |
| Loan Outstanding against Societies/Individuals | 2571.54 |
| Profit (Tentative) | 582.66 |
Loan to Urban Poor
From the year 2012-13, the Federation has been providing loans under Government-approved schemes to Urban Poor belonging to Scheduled Castes, Backward Classes, and Economically Weaker Sections for construction of houses for residential purposes at an interest rate of 7% per annum.
The maximum loan amount is ₹12.50 lakh, repayable in 10 years through 40 quarterly equated instalments.
Loaning Operation
| Sr. No. | Details | Amount (₹ 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
An amount of ₹50 crore has 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 (OTS) Scheme for Societies/Individuals has been approved by the Haryana Government to provide relief to loanee members. Recovery of more than ₹13 crore has been received from members of Cooperative House Building Societies, Cooperative Group Housing Societies, and Associate Members under the scheme.
OTS Scheme District Wise Recovery (29.01.2024 to 29.07.2024)
Recovery 2023-24 (Amount in ₹ Lakh)
| Sr. No. | District | Beneficiary | Jan | Feb | Mar | April | May | June | July | Total |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hisar | 34 | 1.13 | 9.14 | 17.50 | 10.87 | 3.23 | 5.59 | 88.84 | 136.30 |
| 2 | Sirsa | 2 | 0.00 | 0.12 | 0.00 | 21.65 | 0.12 | 0.00 | 0.12 | 22.01 |
| 3 | Fatehabad | 8 | 0.00 | 3.50 | 11.12 | 0.42 | 0.21 | 12.37 | 12.42 | 40.04 |
| 4 | Bhiwani | 19 | 1.05 | 33.85 | 16.60 | 8.88 | 0.89 | 4.74 | 22.98 | 88.99 |
| 5 | Jind | 7 | 4.31 | 8.21 | 0.00 | 0.00 | 6.36 | 8.48 | 2.06 | 29.42 |
| 6 | Narwana | 23 | 0.21 | 4.97 | 11.33 | 9.68 | 16.80 | 9.48 | 61.32 | 113.79 |
| 7 | Yamunanagar | 57 | 0.05 | 14.10 | 23.40 | 32.68 | 56.32 | 60.66 | 168.33 | 355.54 |
| 8 | Kurukshetra | 9 | 0.00 | 0.00 | 6.67 | 14.21 | 14.92 | 6.15 | 19.27 | 61.22 |
| 9 | Karnal | 12 | 0.00 | 15.12 | 6.07 | 0.00 | 6.28 | 9.25 | 16.77 | 53.49 |
| 10 | Panipat | 3 | 0.10 | 7.04 | 1.00 | 0.10 | 0.41 | 0.00 | 3.10 | 11.75 |
| 11 | Rewari / Bawal | 15 | 0.00 | 0.00 | 20.13 | 0.00 | 5.37 | 8.42 | 60.84 | 94.76 |
| 12 | Faridabad / Palwal | 21 | 0.00 | 11.57 | 5.15 | 19.14 | 21.88 | 6.25 | 21.67 | 85.66 |
| 13 | Gurugram | 0 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 14 | Narnaul / Mahendragarh | 4 | 0.00 | 2.38 | 4.56 | 3.41 | 0.00 | 0.00 | 5.12 | 15.47 |
| 15 | Kaithal | 1 | 0.00 | 0.21 | 0.00 | 0.00 | 0.21 | 0.00 | 4.59 | 5.01 |
| 16 | Ambala | 2 | 0.00 | 0.00 | 0.00 | 0.00 | 5.66 | 0.04 | 0.00 | 5.70 |
| 17 | Rohtak | 1 | 0.60 | 0.60 | 0.60 | 7.54 | 0.60 | 0.60 | 0.60 | 11.14 |
| 18 | Sonipat | 23 | 0.04 | 1.01 | 26.68 | 11.63 | 18.24 | 8.06 | 75.64 | 141.30 |
| 19 | Panchkula / Kalka | 5 | 0.00 | 7.35 | 0.00 | 1.97 | 4.64 | 5.90 | 9.00 | 28.86 |
| Total | 246 | 7.49 | 119.17 | 150.81 | 142.18 | 162.14 | 145.99 | 572.67 | 1300.45 | |