National Urban Housing Fund (NUHF)

The Union Cabinet has approved creation of Rs. 60,000 crores National Urban Housing Fund (NUHF) to finance Pradhan Mantri Awas Yojana (Urban) which aims to build 1.2 crore affordable houses in urban areas by 2022.
Fund:
  • NUHF will be placed under aegis of Building Materials and Technology Promotion Council (BMTPC).
  • It will be raised from non-budgetary sources and will tap into existing government entities such as Housing and Urban Development Corp. (Hudco).
  • NUHF will facilitate raising requisite funds in next four years and plug any budgetary shortfalls.
  • ┬áIt will smoothly sustained and construction of houses to address gap in Urban Sector progresses by maintaining flow of Central Assistance under different verticals i.e. Affordable Housing in Parternership (AHP), Beneficiary Linked Construction (BLC), In-Situ Slum Redevelopment (ISSR) and Credit Linked Subsidy Scheme (CLSS) is.

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