Page 313 - NHB AR 2020-21-3 complete- Print (1)
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NHB to augment its resources and improve credit availability. Further, In terms of RBI
allocation, Urban Housing Fund of ` 4000 crores was set up for Year 2014-15. Again, In
terms of RBI allocation, Urban Housing Fund of ` 4500 crores was set up for Year 2016-
17. These funds will enhance refinancing operations to the urban housing sector and
to meet the housing needs of the people in lower income segments residing in urban
areas. Till June 30, 2021 the Bank has received total amount of ` 10,500 crore and the
Balance Outstanding as on June 30, 2021 is ` 9,500.00 crore. The same has been shown as
‘Deposits from banks under Urban Housing Fund’ in Schedule-V (‘Deposits’).
22. Affordable Housing Fund
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 has communicated the establishment of AHF with a corpus
of `10,000 crore. The AHF corpus shall be contributed by SCBs having shortfall in
achievement of their priority sector targets/sub-targets. The purpose of the AHF shall
be 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 `9920.60 crore has
been allocated under Affordable Housing Fund (AHF). The total amount received under
AHF as on June 30, 2021 is ` 22,297.03 crore. The same has been shown as ‘Deposits from
banks under Affordable Housing Fund’ in Schedule-V (‘Deposits’).
23. Unclaimed Sunidhi and Suvriddhi deposits
In respect of unclaimed Sunidhi & Suvriddhi overdue Term Deposits. The Total
outstanding in Sunidhi and Suvriddhi Deposits is ` 23.41 Crore which includes overdue
Term Deposits of ` 8.16 Crores as on June 30, 2021. The Scheme was opened in FY
2008-09 and was discontinued in August, 2017. Details of overdue deposits with their
respective maturity year which are still outstanding as on June 30, 2021 is given in the
two tables below:
Annual Report 2020-21 | 293
allocation, Urban Housing Fund of ` 4000 crores was set up for Year 2014-15. Again, In
terms of RBI allocation, Urban Housing Fund of ` 4500 crores was set up for Year 2016-
17. These funds will enhance refinancing operations to the urban housing sector and
to meet the housing needs of the people in lower income segments residing in urban
areas. Till June 30, 2021 the Bank has received total amount of ` 10,500 crore and the
Balance Outstanding as on June 30, 2021 is ` 9,500.00 crore. The same has been shown as
‘Deposits from banks under Urban Housing Fund’ in Schedule-V (‘Deposits’).
22. Affordable Housing Fund
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 has communicated the establishment of AHF with a corpus
of `10,000 crore. The AHF corpus shall be contributed by SCBs having shortfall in
achievement of their priority sector targets/sub-targets. The purpose of the AHF shall
be 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 `9920.60 crore has
been allocated under Affordable Housing Fund (AHF). The total amount received under
AHF as on June 30, 2021 is ` 22,297.03 crore. The same has been shown as ‘Deposits from
banks under Affordable Housing Fund’ in Schedule-V (‘Deposits’).
23. Unclaimed Sunidhi and Suvriddhi deposits
In respect of unclaimed Sunidhi & Suvriddhi overdue Term Deposits. The Total
outstanding in Sunidhi and Suvriddhi Deposits is ` 23.41 Crore which includes overdue
Term Deposits of ` 8.16 Crores as on June 30, 2021. The Scheme was opened in FY
2008-09 and was discontinued in August, 2017. Details of overdue deposits with their
respective maturity year which are still outstanding as on June 30, 2021 is given in the
two tables below:
Annual Report 2020-21 | 293
