affordable-housing-fund

About

  • The Affordable Housing Fund (AHF) was established in the National Housing Bank (NHB) as announced in the General Budget for 2018-19. 
  • The objective of the fund:To improve the affordability of the target group to own their homes. 
  • Finance side:
  • The corpus of the Fund will be 10,000 crores and will be contributed by Scheduled Commercial Banks as allocated by the Reserve Bank of India (RBI). 
  • The first tranche of 2,500 crores was received by NHB in 2018.