Consider the following statements about National Housing Bank NHB 1 It is the principal agency to pr...........

Economic Affairs Housing

Consider the following statements about National Housing Bank (NHB).

1. It is the principal agency to promote housing finance institutions both at local and regional levels.

2. It is Central Nodal Agency for disbursing subsidy under the credit linked subsidy scheme (CLSS) in Housing for All Mission.

Which of the above statements is/are correct?

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

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Explanation:

National Housing Bank, the principal agency to promote housing finance institutions in the country, on Wednesday said that it has disbursed a subsidy of Rs 3,270 crore to over 1.43 lakh households under the credit linked subsidy scheme (CLSS) in Housing for All Mission by 2022.

Launched in 2015, for promotion of affordable housing for economically weaker section, lower and middle income group, CLSS is one of the four verticals of PMAY (Urban) under Housing for All Mission by 2022.
CLSS is implemented through Scheduled Commercial Banks, Housing Finance Companies, Regional Rural Banks, Co-operative Banks, Small Finance Banks and registered Non-Banking Financial Company - Micro Finance Institutions.