Page 236 - NHB AR 2020-21-3 complete- Print (1)
P. 236
The details of the major sources of borrowings of the Bank as on June 30, 2021, are provided
as under:
i) Deposits under Rural Housing Fund (RHF):
Rural Housing Fund (RHF) was established in 2008-09 to enable Primary Lending
Institutions (PLIs) to access funds for extending housing finance to target segments in
rural areas at cheaper rates. The corpus of the RHF was contributed by SCBs out of their
priority sector lending shortfall. Quantum of funds to be contributed by each SCB and
the applicable interest rate were determined by the RBI depending upon the priority
sector shortfall of the respective SCB. The tenure of the deposits under RHF is seven
years. Since inception, total amount of `31,278 crore were received under the RHF. The
total outstanding under RHF as on June 30, 2021, was `14,000 crore.
ii) Deposits under Urban Housing Fund (UHF):
The Urban Housing Fund (UHF) was set up in 2013-14 to enable PLIs to access funds
for extending housing finance to target segments in urban areas at cheaper rates. The
corpus of the UHF was contributed by SCBs out of their priority sector lending shortfall.
Quantum of funds to be contributed by each SCB and the applicable interest rate were
determined by the RBI depending upon the priority sector shortfall of the respective
SCB. Tenure of the deposits under UHF is seven years. Since inception, total amount
of `10,500 crore were received under the UHF. The total outstanding under UHF as on
June 30, 2021, was `9,500 crore.
iii) Deposits under Affordable Housing Fund (AHF)
The Hon’ble Union Finance Minister in the Union Budget for 2018-19, presented to the
Parliament on February 1, 2018, announced the establishment of a dedicated Affordable
Housing Fund (AHF) in NHB, funded from priority sector lending shortfall and fully
serviced bonds authorized by the Government of India. Pursuant to the announcement,
the RBI on July 4, 2018, communicated the establishment of AHF with a corpus of
`10,000 crore. The AHF corpus is contributed by SCBs having shortfall in achievement
of their priority sector targets/sub-targets. The purpose of the AHF is to support the
refinancing operations of NHB for affordable housing to the target segments in rural
and urban areas. For the year 2020-21, an amount of `9,921 crore was allocated under
Affordable Housing Fund (AHF). The total amount received under AHF as on June 30,
2021, is `22,297.03 crore.
iv) Other Bonds- NHB Taxable Bonds
As on June 30, 2021, the Bank had outstanding borrowings of `13,205 crore on account
of taxable bonds.
216 | Annual Report 2020-21
as under:
i) Deposits under Rural Housing Fund (RHF):
Rural Housing Fund (RHF) was established in 2008-09 to enable Primary Lending
Institutions (PLIs) to access funds for extending housing finance to target segments in
rural areas at cheaper rates. The corpus of the RHF was contributed by SCBs out of their
priority sector lending shortfall. Quantum of funds to be contributed by each SCB and
the applicable interest rate were determined by the RBI depending upon the priority
sector shortfall of the respective SCB. The tenure of the deposits under RHF is seven
years. Since inception, total amount of `31,278 crore were received under the RHF. The
total outstanding under RHF as on June 30, 2021, was `14,000 crore.
ii) Deposits under Urban Housing Fund (UHF):
The Urban Housing Fund (UHF) was set up in 2013-14 to enable PLIs to access funds
for extending housing finance to target segments in urban areas at cheaper rates. The
corpus of the UHF was contributed by SCBs out of their priority sector lending shortfall.
Quantum of funds to be contributed by each SCB and the applicable interest rate were
determined by the RBI depending upon the priority sector shortfall of the respective
SCB. Tenure of the deposits under UHF is seven years. Since inception, total amount
of `10,500 crore were received under the UHF. The total outstanding under UHF as on
June 30, 2021, was `9,500 crore.
iii) Deposits under Affordable Housing Fund (AHF)
The Hon’ble Union Finance Minister in the Union Budget for 2018-19, presented to the
Parliament on February 1, 2018, announced the establishment of a dedicated Affordable
Housing Fund (AHF) in NHB, funded from priority sector lending shortfall and fully
serviced bonds authorized by the Government of India. Pursuant to the announcement,
the RBI on July 4, 2018, communicated the establishment of AHF with a corpus of
`10,000 crore. The AHF corpus is contributed by SCBs having shortfall in achievement
of their priority sector targets/sub-targets. The purpose of the AHF is to support the
refinancing operations of NHB for affordable housing to the target segments in rural
and urban areas. For the year 2020-21, an amount of `9,921 crore was allocated under
Affordable Housing Fund (AHF). The total amount received under AHF as on June 30,
2021, is `22,297.03 crore.
iv) Other Bonds- NHB Taxable Bonds
As on June 30, 2021, the Bank had outstanding borrowings of `13,205 crore on account
of taxable bonds.
216 | Annual Report 2020-21
