NIFTY 50

NHB offers Rs 10,000-crore liquidity lifeline for housing finance companies

Updated : August 02, 2019 10:19 PM IST

The National Housing Board (NHB) has thrown a liquidity lifeline to housing finance companies. The NHB has announced an additional liquidity infusion facility of Rs 10,000 crore for priority sector home loans for one year.

This is only limited to affordable housing, which means loans up to Rs 35 lakh in metros and for non-metros limit is Rs 28 lakh.

This advance credit line is open for HFCs not just for home loans but also for under construction projects.
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