NEWS & ADVICE : HOME LOANS
Low income housing finance scheme to become operational by year end: NHB
By Joseph Samson
Oct 11, 2012
Print    Email    RSS   

National Housing Bank (NHB) has announced that the Credit Guarantee Trust Fund a low income housing finance scheme, meant to provide relief to low income groups, will be offered to people by the end of the current fiscal.

On the matter, the Chairman and Managing Director of National Housing Bank, Mr. R. V. Verma said, "We have set up the fund and it should start operating by the end of this fiscal. The risk weight on home loans under the low-income segment backed by the credit guarantee trust will be lower, thereby, giving lenders some capital relief. This will help them pass on the benefit to their customers by way of an interest subsidy."

It should be noted that National Housing Bank is a nodal organization responsible for controlling and disbursing off the Credit Guarantee Trust Fund, which has been floated jointly by the Central and State Governments with a capital of Rs. 1000 crore.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Joint Home Loan: A wise decision for a...
This is how a bank lends money
Save tax with ELSS
Loan against Property: A shoulder to rest...
Banking Ombudsman: to the aid of the customer


PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive