The NHB started its operation from July, 1988. The Golden
Jubilee Rural Housing Finance Scheme is being implemented through scheduled
banks, HFCs and co-operative sector institutions. NIIB is wholly owned by
Reserve Bank of India, which contributed the entire paid-up capital.
The general superintendence, direction and management of the
affairs and business of NHB vest, under the Act, in a Board of Directors. NHB
has been established to achieve, inter alia, the following objectives:
(a) To promote a sound, healthy viable and cost effective
housing finance system to cater to all segments of the population and to
integrate the housing finance system with the overall financial system.
(b) To promote a network of dedicated housing finance
institutions to adequately serve various regions and different income groups.
(c) To augment resources for the sector and channelise them for
housing.
(d) To make housing credit more affordable.
(e) To regulate the activities of housing finance companies
based on regulatory and supervisory authority derived under the Act.
(f) To encourage augmentation of supply of buildable land and
also building materials for housing and to upgrade the housing stock in the
country.
(g) To encourage public agencies to emerge as facilitators and
suppliers of serviced land, for housing.
(i) Against a target of 3.50 lakh dwelling units set by the
Government of India for the year 2009-10, 3,87,546 units were financed during
the period.
Small Industries Development Bank of India (SIDBI):
The SIDBI was established as a wholly owned subsidiary of Industrial
Development Bank of India (IDBI) and started its operations on April 2, 1990.
It took over the responsibility of administering Small Industries Development
Fund and National Equity Fund which were earlier administered by IDBI.
It is engaged in providing assistance to the small scale
industrial sector in the country through other institutions like state finance
corporations, commercial banks and state industrial development corporations.
The financial assistance sanctioned and disbursed by SIDBI during the financial
year 2009-10 aggregated to Rs. 421 crore during the financial year 2009-10.
Functions of SIDBI
(i) SIDBI refinances loans extended by the primary lending
institutions to small scale industrial units, and also provides resources
support to them.
(ii) SIDBI discounts and rediscounts bills arising from sale of
machinery to or manufactured by industrial units in the small scale sector.
(iii) SIDBI extends seeds capital/soft loans assistance under
National Equity Fund, Mahila Udyam Nidhi and Mahila Vikas Nidhi and seed
capital schemes through specified lending agencies.
(iv) It provides services like leasing, factoring etc. to
industrial concerns in the small scale sector.
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