The National Housing Bank (NHB) is a financial institution established in 1988 under an Act of Parliament. Its primary objective is to promote and regulate the housing finance sector in India and to provide financial and related services to housing finance institutions and other stakeholders in the housing sector.
NHB provides a wide range of financial products and services to housing finance institutions and other stakeholders in the housing sector, including refinancing facilities, short-term loans, project finance, and other related services. It also provides advisory services to support the growth and development of the housing sector in India.
NHB has established various schemes and programs to support the growth and development of the housing sector in India. Some of its schemes include the Urban Housing Fund (UHF), the Rural Housing Fund (RHF), and the Golden Jubilee Rural Housing Finance Scheme.
NHB also partners with other institutions and organizations to support the growth and development of the housing sector in India. It has established partnerships with institutions such as the World Bank, the Asian Development Bank, and the International Finance Corporation (IFC).
NHB has been recognized for its contribution to the development of the housing sector in India and has received several awards for its excellence in banking and financial services.
In conclusion, the National Housing Bank (NHB) is a financial institution in India that promotes and regulates the housing finance sector in the country. It provides a wide range of financial products and services to housing finance institutions and other stakeholders in the housing sector and provides advisory services to support the growth and development of the housing sector in India. NHB has established various schemes and programs to support the growth and development of the housing sector in India and partners with other institutions and organizations to support its mission. It has been recognized for its contribution to the development of the housing sector in India.