NHB to disburse Rs 4,000 cr under Rural Housing Fund

imageThe National Housing Bank (NHB) is targeting disbursal of Rs 4,000 crore for rural housing during the fiscal 2013, a growth of 33 % over fiscal 2012. The enhancement in the amount will encourage the provision of housing finance to target groups in rural areas, a move towards extenuating the housing shortage in rural areas among the target groups. Rural Housing Fund which was established in 2008-09, has received a total amount of Rs 8,778.18 crore. It has disbursed around Rs 8,784 crore towards refinance for rural housing for the targeted segments benefiting 336,000 dwelling units. 

The total housing shortage in rural areas is calculated at 48.81 million for the plan period (2012-17). Of these, about 43.93 million units pertain to the BPL population.

Besides this, a large number of the houses in rural areas are semi-permanent and Katcha, without access to basic facilities like drinking water, sanitation and electricity.

What is NHB?

  • NHB is a completely owned subsidiary of Reserve Bank of India. It was set up in 1988 with a vision to “Promoting inclusive expansion with stability in housing finance market”.

Objectives of NHB:

  • Endorse a healthy, viable and cost effective housing finance system to meet the needs of all segments of the population and to integrate the housing finance system with the overall financial system.
  • Promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups.
  • Enhance resources for the sector and channelize them for housing.Offer affordable housing credit.
  • Regulate the operations of housing finance companies based on regulatory and supervisory authority as per the Act.
  • Encouragement to step-up supply of buildable land and also building materials for housing and to upgrade the housing stock in the country.
  • Promote public agencies to come up as facilitators and suppliers of serviced land, for housing.



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