NHB Full Form
by Yogi P - October 4, 2023
What is the National Housing Bank (NHB)?
The NHB is an Indian government agency that was established in 1987 to promote and develop the housing finance sector in India. It is headquartered in New Delhi and has offices in major cities across the country.
What are the NHB’s objectives?
The NHB’s objectives are to:
- Promote a sound, safe, sustainable, and cost-effective mortgage lending framework in India.
- Promote a network of specialized housing finance institutions to cater to the needs of different income groups and regions.
- Mobilize resources for the housing sector.
- Make housing loans more affordable.
- Regulate and supervise housing finance companies.
- Support the development of the national housing stock.
- Facilitate the role of public authorities in the housing sector.
What are the NHB’s functions?
The NHB performs a variety of functions to achieve its objectives, including:
- Providing refinancing to banks and other financial institutions for their housing finance lending activities.
- Providing direct loans to housing finance companies and other eligible entities.
- Promoting and developing new housing finance products and services.
- Regulating and supervising housing finance companies.
- Undertaking research and development activities in the housing sector.
- Providing training and development programs for housing finance professionals.
How does the NHB help the housing sector?
The NHB plays a vital role in the development of the housing sector in India. It provides financial and technical assistance to housing finance institutions, promotes the development of new housing finance products and services, and regulates and supervises housing finance companies. The NHB’s efforts have helped to make housing loans more affordable and accessible to people across India.
Conclusion
The NHB is a key institution in the Indian housing finance sector. It plays a vital role in promoting the development of affordable housing for all.
