NHB infuses Rs 10,000 crore in housing finance companies

The National Housing Bank (NHB) is infusing an additional Rs 10,000 crore in NBFCs from Friday with a view to improve flow of funds for housing loans, said a finance ministry statement. "To further ease flow of funds to the housing sector, the NHB is making available from today, a liquidity infusion facility of Rs 10,000 crore for Housing Finance Companies (HFCs) as additional liquidity for individual housing loans, for affordable housing," the statement said. This facility will be over and above the existing finance schemes of the housing sector regulator NHB. The statement further said subsequent to the budgetary announcements, the RBI has unveiled a slew of measures for banks to avail additional liquidity of Rs 1.34 lakh crore.