Question
Which of the following financial institution is
responsible for the development of housing finance sector in India ?Solution
National Housing Bank (NHB) is the apex development financial institution for housing in india , It is the principal agency to promote housing finance institutions and provider of low-cost long-term-liquidity to them. Â
Established in 1988, NHB is headquartered in New Delhi. It is responsible for promoting a sound, healthy, viable and cost effective housing finance system to cater to all segments of the population and to integrate the housing finance system with the overall financial system. Â
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