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borrowers, on-lending interest rates have been capped at PLI category wise. During the year
2020-21, under AHF scheme, refinance assistance of `9,631 crore has been extended to the
PLIs, in respect of their individual housing loans to 1,03,989 households falling under urban
and rural areas. Annexure VIII
3.2.4 Special Refinance Facility 2021 (SRF-2021)
In view of the recent surge of COVID -19 cases, to sustain the growth momentum, the Reserve
Bank of India has provided another Special Liquidity Facility-2 (SLF-2) of `10,000 crore to the
Bank. Special Refinance Facility 2021 (SRF-2021) was launched with a corpus of `10,000 crore.
The objective of the scheme is to provide short term refinance support to HFCs and other
eligible PLIs to meet their liquidity requirement. During the year 2020-21, under the SRF 2021
scheme, refinance assistance of `7,662 crore has been extended to the 35 PLIs which include
34 HFCs.
3.2.5 Additional Special Refinance Facility (ASRF)
To shield the housing sector from liquidity disruptions, Reserve Bank of India has provided
Additional Special Liquidity Facility (ASLF) of Rs. 5,000 crore to the Bank. Additional Special
Refinance Facility (ASRF) was launched with a corpus of `5,000 crore. This scheme was aimed
to meet the supplementary requirements of the PLIs due to COVID-19 disruptions. During the
year 2020-21, under the ASRF scheme, refinance assistance of `3,927 crore has been extended
to the 30 PLIs which include 28 HFCs.
3.2.6 Promoting Green Housing Refinance Scheme (PGHRS)
Promoting energy efficient green residential housing in India is one of the roles of the NHB.
NHB has launched a new scheme Promoting Green Housing Refinance Scheme (PGHRS)
under arrangement with Agence Française de Développement (AFD), France. The scheme
intends to provide refinancing support to eligible PLIs for their housing loans to individuals
who fall under the EWS, LIG and MIG categories as per the definition of Ministry of Housing
and Urban Affairs, Government of India. Under the PGHRS, refinance assistance of `225 crore
has been extended to 3 HFCs during the year 2020-21.
3.2.7 Moratorium facility to PLIs
With an aim to mitigate the burden of debt servicing brought about by disruptions on account
of COVID-19 pandemic and to ensure the continuity of viable businesses, Reserve Bank of
India permitted Financial Institutions to grant a moratorium of up to three months on payment
of all instalments falling due between March 1, 2020, and May 31, 2020. As an effort in this
direction, National Housing Bank (NHB) allowed maximum moratorium of three months to
Primary Lending Institutions with/without extension of tenor on payment(s) of instalment
220 | Annual Report 2020-21
2020-21, under AHF scheme, refinance assistance of `9,631 crore has been extended to the
PLIs, in respect of their individual housing loans to 1,03,989 households falling under urban
and rural areas. Annexure VIII
3.2.4 Special Refinance Facility 2021 (SRF-2021)
In view of the recent surge of COVID -19 cases, to sustain the growth momentum, the Reserve
Bank of India has provided another Special Liquidity Facility-2 (SLF-2) of `10,000 crore to the
Bank. Special Refinance Facility 2021 (SRF-2021) was launched with a corpus of `10,000 crore.
The objective of the scheme is to provide short term refinance support to HFCs and other
eligible PLIs to meet their liquidity requirement. During the year 2020-21, under the SRF 2021
scheme, refinance assistance of `7,662 crore has been extended to the 35 PLIs which include
34 HFCs.
3.2.5 Additional Special Refinance Facility (ASRF)
To shield the housing sector from liquidity disruptions, Reserve Bank of India has provided
Additional Special Liquidity Facility (ASLF) of Rs. 5,000 crore to the Bank. Additional Special
Refinance Facility (ASRF) was launched with a corpus of `5,000 crore. This scheme was aimed
to meet the supplementary requirements of the PLIs due to COVID-19 disruptions. During the
year 2020-21, under the ASRF scheme, refinance assistance of `3,927 crore has been extended
to the 30 PLIs which include 28 HFCs.
3.2.6 Promoting Green Housing Refinance Scheme (PGHRS)
Promoting energy efficient green residential housing in India is one of the roles of the NHB.
NHB has launched a new scheme Promoting Green Housing Refinance Scheme (PGHRS)
under arrangement with Agence Française de Développement (AFD), France. The scheme
intends to provide refinancing support to eligible PLIs for their housing loans to individuals
who fall under the EWS, LIG and MIG categories as per the definition of Ministry of Housing
and Urban Affairs, Government of India. Under the PGHRS, refinance assistance of `225 crore
has been extended to 3 HFCs during the year 2020-21.
3.2.7 Moratorium facility to PLIs
With an aim to mitigate the burden of debt servicing brought about by disruptions on account
of COVID-19 pandemic and to ensure the continuity of viable businesses, Reserve Bank of
India permitted Financial Institutions to grant a moratorium of up to three months on payment
of all instalments falling due between March 1, 2020, and May 31, 2020. As an effort in this
direction, National Housing Bank (NHB) allowed maximum moratorium of three months to
Primary Lending Institutions with/without extension of tenor on payment(s) of instalment
220 | Annual Report 2020-21
