National Housing Bank (NHB)

National Housing Bank was set up on July 9, 1988 under the National Housing Bank Act, 1987 as a wholly-owned subsidiary of the Reserve Bank to act as an apex level institution for housing. Some of the primary objectives were:

1. To promote a sound, healthy, viable and cost effective housing finance system to all segments of the population and to integrate the
2. housing finance system with the overall financial system.
3. To promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups.
4. To augment resources for the sector and channelise them for housing.
5. To make housing credit more affordable.
6. To regulate the activities of housing finance companies based on regulatory and supervisory authority derived under the Act.
7. To encourage augmentation of supply of buildable land and also building materials for housing and to upgrade the housing stock in the country.
8. To encourage public agencies to emerge as facilitators and suppliers of serviced land for housing.

Website: NHB