Gruha Sugam Portal:
The National Housing Bank (NHB) launched the Gruha Sugam Portal.
- It enables Defence / Government personnel to avail home loans with ease from the location of their posting.
- It will accelerate digital lending adoption and financial inclusion.
- It will facilitate increased home ownership through improved access to housing loans, strengthening the mission of promoting affordable and sustainable housing finance.
- Salient features of the portal:
- Defence Personnel, Members of Paramilitary Forces, Government Employees (State and Central) can apply for housing loans digitally through their respective administrative units.
- No need to visit the banks and financial institutions for loan approvals and processing.
- Unified Digital Marketplace which enables market transparency and discovery of best suited offer
- Seamless digital integration with NHB and lending institutions to ensure ease of operations
- Enhanced Loan Processing Efficiency
- Grievance Redressal and Consumer Protection
- Online Chat facility for quick query resolution
- National Housing Bank
- It is an apex agency established to promote housing finance companies (HFCs) in India.
- It is an All-India Financial Institution (AIFl) wholly owned by the Government of India (GoI).
- NHB supervises HFCs, while regulation of HFCs is with the Reserve Bank of India (RBI).
- NHB is wholly owned by the Government of India, post the 2019 notification of RBI i.e. the entire paid-up capital of NHB is held by the government.
- Functions of NHB
- Supervision and grievance redressal regarding HFCs
- Financing
- Promotion and Development
- Head Office: New Delhi.
