The National Housing Policy, 1988 envisaged the setting up of NHB as the Apex level institution for housing. Following that, the National Housing Bank Bill (91 of 1987) providing the legislative framework for the establishment of NHB was passed by Parliament in the winter session of 1987 and with the assent of the Hon’ble President of India on December 23, 1987, became an Act of Parliament.
The Hon’ble Prime Minister of India, while presenting the Union Budget for 1987-88 on Februannounced the decision to establish the National Housing Bank (NHB) as an apex level institution for housing finance. Rangarajan, the Deputy Governor, RBI to examine the proposal and recommended the setting up of National Housing Bank as an autonomous housing finance institution. The Committee of Secretaries considered’ the recommendation and set up the High Level Group under the Chairmanship of Dr. The Sub-Group on Housing Finance for the Seventh Five Year Plan (1985-90) identified the non-availability of long-term finance to individual households on any significant scale as a major lacuna impeding progress of the housing sector and recommended the setting up of a national level institution. Please Support us By Following our Social Media Channels If anyone has any objection then kindly mail at to request removal of the link. We don’t want to violate any copyright law. Subject wise Links for Handwritten Class Notes in Hindi and Englishĭisclaimer: neither created this file nor scanned, We downloaded this file from internet and linked with this blog or we shared the link which is already available on Internet.
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