Page 279 - NHB AR 2020-21-3 complete- Print (1)
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Directors’ Report
TO THE MEMBERS
The Directors are pleased to present the 33rd Annual Report of National Housing Bank together
with the Audited statement of accounts for the year ended June 30, 2021.
1. Review of Financial Performance
During the year 2020-21, the total refinance disbursements by the Bank rose by 9.51% year on
year to touch a record high of ` 34,230 crore under its various refinance Schemes viz., Liberalized
Refinance Scheme (LRS), Additional Special Refinance Facility (ASRF), Special Refinance Facility
2021 (SRF – 2021), Affordable Housing Fund (AHF), Green Housing etc. Catering to the needs of
the HFCs, 79% of the total disbursement by NHB has been to the HFCs during the year. Further,
9 new HFCs and 3 Banks were extended financial assistance during the year.
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 in August 2020.
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 ` 3927
crore has been extended to the 30 PLIs which includes 28 HFCs.
Further, in view of the second wave of COVID -19 cases, to sustain the growth momentum, the
Reserve Bank of India has provided another Special Liquidity Facility-2 (SLF-2) of Rs.10,000
crore to the Bank in April 2021. 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 ` 7662 crore has been extended to the 35 PLIs
which includes 34 HFCs.
The Bank is committed towards its mandate and will continue to work towards Government of
India’s objective of Housing for All by making affordable Housing Finance reach the poor and
needy.
Annual Report 2020-21 | 259
TO THE MEMBERS
The Directors are pleased to present the 33rd Annual Report of National Housing Bank together
with the Audited statement of accounts for the year ended June 30, 2021.
1. Review of Financial Performance
During the year 2020-21, the total refinance disbursements by the Bank rose by 9.51% year on
year to touch a record high of ` 34,230 crore under its various refinance Schemes viz., Liberalized
Refinance Scheme (LRS), Additional Special Refinance Facility (ASRF), Special Refinance Facility
2021 (SRF – 2021), Affordable Housing Fund (AHF), Green Housing etc. Catering to the needs of
the HFCs, 79% of the total disbursement by NHB has been to the HFCs during the year. Further,
9 new HFCs and 3 Banks were extended financial assistance during the year.
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 in August 2020.
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 ` 3927
crore has been extended to the 30 PLIs which includes 28 HFCs.
Further, in view of the second wave of COVID -19 cases, to sustain the growth momentum, the
Reserve Bank of India has provided another Special Liquidity Facility-2 (SLF-2) of Rs.10,000
crore to the Bank in April 2021. 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 ` 7662 crore has been extended to the 35 PLIs
which includes 34 HFCs.
The Bank is committed towards its mandate and will continue to work towards Government of
India’s objective of Housing for All by making affordable Housing Finance reach the poor and
needy.
Annual Report 2020-21 | 259
