NHB Full Form- National Housing Bank

What is NHB? The full form of NHB is National Housing Bank. 

The National Housing Bank is India's highest regulatory authority for general licensing and regulation of housing financing firms. The Government of India's Ministry of Finance is in charge of it. 

The National Housing Bank Act of 1987 allowed for its establishment on July 9, 1988. In terms of housing finance, NHB is the best. 

The purpose of NHB's establishment was to serve as a leading organisation in advancing housing finance institutions on a local and regional scale, as well as to offer ancillary financial and other support to these institutions and related problems. 

The National Housing Bank Act of 1987 has been revised by the Finance Act of 2019. The Reserve Bank of India now has the authority to regulate Housing Finance Companies (HFCs) thanks to the change.

Mission, Vision, and Objectives of NHB

Vision: Encouraging stable and equitable growth in the housing finance sector

Mission: To fully utilise and advance market potential in order to meet the housing demands of all societal groups, with a particular emphasis on low- and moderate-income housing 

Objectives:

• In order to serve all facets of society and link the housing finance system with the broader financial system, it is important to advance a solid, healthy, viable, and economical housing finance system.
• In order to effectively service diverse locations and economic brackets, it is our goal to establish a network of committed housing financing institutions.
• To increase industry resources and direct them toward housing.
• To lower the cost of housing loans.
• To keep an eye on home finance organizations' operations using the supervisory authority granted by the Act.
• To promote increasing the availability of suitable land and building supplies for homes, as well as modernizing the nation's housing stock.
• To promote the emergence of public organizations as providers and facilitators of serviced land for housing.