Rural Housing

Golden Jubilee Rural Housing Finance Scheme

 

Golden Jubilee Rural Housing Finance Scheme

1.      GJRHFS has been conceptualized to address the problem of rural housing through improved access to housing credit which would enable an individual to build a modest new house or to improve or add to his old dwelling in rural areas. The progress under the Scheme is monitored by NHB and is reported to the GoI. GJRHFS is one of the  principal instrument of NHB for financing for rural housing. The performance of Banks and HFCs is a regular Agenda Item in the Meeting of the CEOs of HFCs, Banks and select RRBs conducted by NHB on a half yearly basis. Since its inception in 1997, it has been successful in its endeavor as vindicated by the fact that over 3.9 million units have been financed. The annual targets under the Scheme (in terms of number of units financed) are set by NHB and further NHB monitors its implementation. The targets under the Scheme have been increased in a phased manner from 50,000 units in 1997-1998 to 3,75,000 units in 2011-2012 and to 4, 00,000 units in 2012-2013 to 4,50,000 units in 2013-2014.

PERFORMANCE (FY 2012-2013):

2.      The total achievement for the year 2012-13 (01st April 2012 – 31st March 2013) is given below. For the year 2012-13, HFCs have achieved 144.95 % of their allocated target and the PSBs have achieved 83.06 % of their allocated target. The overall achievement has been 104.72%.
Performance under GJRHFS for the year 2012-13

Institution

April 2012 – March 2013

Percentage Achievement

vis-à-vis target

Amount disbursed under the scheme ( in Crore)

Target

Achievement

No. of units

No. of units

HFCs

1, 40,000

2,02,941

144.95 %

16,726

PSBs

2, 60,000

2,15,963

83.06 %

7,696.44

Total

4,00,000

4,18,896

104.72 %

24,422.68


CUMULATIVE PERFORMANCE:

3.     During the period 1997-2013, a total of 39, 09,374 dwelling units have been financed as against the target of 41,30,000 dwelling units indicating achievement of around 94.66 per cent over the period. The progress under the scheme over the years has been as follows:

                                                                                        

 T. Cumulative performance under GJRHFS since inception                                             (No of Units)

Year

Target

Achievement

Percentage Achievement (%)

Amount disbursed

( in crore)

1997-1998

50,000

51,272

102.54

N.A.

1998-1999

1,00,000

1,25,731

125.73

N.A.

1999-2000

1,25,000

1,41,363

113.09

N.A.

2000-2001

1,50,000

1,58,426

105.62

N.A.

2001-2002

1,75,000

1,87,268

107.01

3246.03

2002-2003

2,25,000

1,78,200

79.20

3816.34

2003-2004

2,50,000

2,43,753

97.50

6353.82

2004-2005

2,50,000

2,58,562

103.42

6440.95

2005-2006

2,75,000

2,98,651

108.60

8367.86

2006-2007

3,30,000

2,98,426

90.43

7664.58

2007-2008

3,50,000

2,71, 537

77.58

8844.81

2008-2009

3,50,000

2,58,265

73.79

10337.88

2009-2010

3,50,000

3,87,792

110.80

15,565.24

2010-2011

3,75,000

2,93,721

78.33

14,781.18

2011-2012

3,75,000

3,37,623

90.03

17,226.91

2012-2013

4,00,000

4,18,896

104.72

24422.68

Total

 41,30,000

39,09,374

94.66

 


Copyright © 2012 National Housing Bank