The government has announced a funding bonanza of ₹10,000 crore for the individual housing loan segment. The National Housing Bank (NHB) will make available a liquidity infusion facility of similar amount for the Housing Finance Companies, as additional liquidity for individual housing loans for affordable housing. The Finance Ministry statement said that this will be over and above the two existing refinance schemes of the NHB. Issues related with affordable housing loan along with those of MSMEs, retail and automobile sectors will be taken up during the meeting of the Finance Minister with heads of all banks (public as well as private) scheduled to take place shortly. The meeting will also dwell on areas of priority for the banking sector in the coming months for accelerating the GDP growth. In addition, the Ministry also announced that the government has approved the modalities on one-time partial credit guarantee to public sector banks for purchase of high-rated pooled assets of financially sound NBFCs, as announced in the Budget. The Financial Services Department will put in place an overseeing mechanism for this scheme.
📅Published on:
05 August 2019
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
