LIC Housing Finance is working on the projects for the senior citizens. LIC is constructing homes for the senior citizens who are living alone and no one is there to take care for them.
LIC Housing Finance director and chief executive S.K.Mitter said the project is aimed at senior citizens who face loneliness.
The first Care Home project was set up at Bangalore recently. As many as 96 homes were constructed in an area of five acres.
LIC is planning to construct its second Care Home project for senior citizens at Aluva. In a press conference Mitter said a similar project is proposed at Aluva. The project is expected to be completed within three years. Similar projects were also being planned at Bhubaneswar, Chandigarh and Jaipur.
The project envisages setting up of an eco-friendly village comprising small houses and common facilities like meditation rooms, recreation facilities and common kitchen.
Briefing on the financial performance of LIC Housing Finance, Mitter said that the company had recorded a net profit of Rs. 116.37 crore for the quarter ended September 30 showing a growth of 53 percent.
He told that the company had sanctioned loans of Rs 2,268 crore and disbursed Rs 1,599 crore registering a growth of 69 percent and 36 percent respectively.
In the Kerala region, the bank had registered a 20 percent growth in disbursements as on October 31.
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