Overview

With the aim of providing affordable shelter and other financial support to all, Panthoibi Housing Finance Company Limited (PHFCL) was established on this blessing day the 7th of September 2005. Since its inception, the company has grown significantly, and in 2009, it became the first housing finance company in the entire North East India to obtain the National Housing Bank license (NHB). Recognizing shelter as a fundamental need for every individual, the company has been offering housing loans to both rural and urban areas in Manipur.

A significant milestone in the company’s journey was achieved in 2015 when an MoU was signed between PHFCL and the Government of India (with NHB as the Central Nodal Agency). This partnership facilitated the provision of Pradhan Mantri Awas Yojana-Credit Linked Subsidy Scheme (PMAY-CLSS) housing loans to households in the Economically Weaker Section (EWS) and Low-Income Group (LIG) categories in Manipur and beyond. Under the PMAY-CLSS, households with a monthly income of less than ₹50,000 can avail subsidies of up to ₹2.67 lakhs. As a result, PHFCL became the sole Manipur-based housing financial institution offering CLSS loans in the state.

Starting from 2015 to 2024 four times of MoUs had been signed between Central Government and Panthoibi Housing Finance Company Limited (PHFCL) as Nodal Agency by National Housing Bank(NHB) to provide and to extend the “Subsidised Home Loans” to EWS, LIG, Middle Income Group (MIG) I and II, and Gramin categories under the Schemes 1) Pradhan Mantri Awaz Yojana – Credit Link Subsidy Scheme (PMAY – CLSS), Housing for All by 2022 Mission and 2) Pradhan Mantri Awaz Yojana – Interest Subsidy Scheme (PMAY – ISS) Urban 2.0 launched by the Honourable Prime Minister of India.

Panthoibi Housing Finance Company Limited (PHFCL) was established on this Promising day – the 7th of September, 2005 at Uripok Tourangbam Leikai, Imphal West District- 795001, Imphal, Manipur (India). It was registered with ROC under the Companies Act. 1956 in the Ministry of Corporate Affairs (MCA), Govt. of India on the 19th of January, 2006. It was furtherly registered with National Housing Bank (NHB) on the 1st of October, 2009. Commencement of Business Operation Certificate was issued by the Ministry of Corporate Affairs, Govt. of India on the 2nd of November 2009 itself. PHFCL is regulated by Reserve Bank of India (RBI) and the Company had been specified as a “Financial Institution” on the 18^th of December, 2015 by the Ministry of Finance, Department of Financial Services, Govt. of India under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act. 2002. The company’s Registered Office and its Head Office is located at Uripok Tourangbam Leikai, Imphal West – 795001, Manipur (India). Our Company Panthoibi Housing Finance Company Limited (PHFCL) is the first and only Public Limited Housing Finance Company till date in the entire North Eastern Region of India.

PHFCL’s product portfolio includes Regular Home Loans, CLSS Home Loans (both urban and rural), and Non-housing Loans (loan against property). As of 31st March 2023, PHFCL has sanctioned a total loan amount of ₹ 42.03 crores, including subsidized home loans under PMAY-CLSS, benefiting people across Manipur. The company’s equity paid-up capital from shareholders stood at ₹ 17.50 crores, its Net Owned Fund (NOF) at ₹ 20.76 crores, and its Authorized Capital at ₹ 25 crores. Through its business operations, PHFCL has been able to drive economic and social change within society.