GENERAL KNOWLEDGE

Detailed explanation-1: -The National Housing Policy, 1988 envisaged the setting up of NHB as the Apex level institution for housing. In pursuance of the above, NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987. Reserve Bank of India contributed the entire paid-up capital.

Detailed explanation-2: -Objectives of NHB Create a network of housing finance agencies and keep a check on their activities. Management of required resources for the network and investing them in the housing sector. Promotion of affordable housing credit. Gather more and more public institutions that can work as suppliers for serviced land.