Transcript Financing Energy Efficient Housing in India R.V. Verma

Refinance
Issues and Way Forward
Peeyush Pandey
Manager
National Housing Bank
April 20, 2012
Presentation Structure
 Status of Refinance
 Policy Changes
 Issues and Challenges
 Way Forward
Status of Refinance
Refinance Disbursements
11723
8108
3%
1%
69%
12496
1%
Coops.
69%
RRBs
51%
2%
1%
1%
44%
28%
30%
2009-10
SCBs
2010-11
2011-12
HFCs
Urban - Rural Break-up
12496
11723
8108
21%
20%
32%
14%
RHF
17%
25%
54%
2009-10
GJRHRS
Urban
51%
2010-11
66%
2011-12
Loan Size Wise Break-up
July 2011 - March 2012
6%
24%
27%
Upto Rs.2 lakhs
Rs.2 lakhs - Rs.5 lakhs
Rs.5 lakhs - Rs.15 lakhs
43%
Above Rs.15 lakhs
Policy Changes
Initiatives / Products
 Introduction of Refinance Scheme for
housing loans to borrowers of weaker
section (under RHF) [since 01-04-2008]
 Refinance Scheme for Energy Efficient
Housing [since 01-07-2010]
 Extension of refinance under the Rural
Housing Fund to the non-contributing
Public Sector Banks
 Policy relaxations for new HFCs
engaged in housing finance in rural
areas / for low income segments
 Equity support to new HFCs engaged
in housing finance in rural areas / for
low income segments
Issues & Challenges
 PLIs to scale up lending operations
o in rural areas
o to low income / informal segments
o under Govt. programmes / schemes for
rural housing / affordable housing
 Encourage
participation
in
Government schemes for rural /
affordable housing to EWS / LIG
beneficiaries
Rural Housing Fund
 Expanding credit availability
 Ensuring proper utilization
 Passing on benefit of low cost funds to
ultimate beneficiaries
 Strengthening MIS to capture data on
income and other eligibility parameters
 Timeliness
in
submission
information / returns to NHB
of
Way Forward
 Avail at least one-half of the sanctioned
limit under RHF / for low income
housing
 Increasing loan portfolio by taking
advantage of Credit Guarantee Fund /
loan-cum-subsidy
programmes
of
Government(s)
 Indirect finance
 Construction
housing
finance
for
affordable
Energy Efficient Housing
 Sahara City Homes (type A, B, C & D) at Nagpur
- 24 - 31%
 Sahara City Homes at Lucknow - 32%
 3C’s projects at NOIDA - 10 - 16%
 Hiranandani Palace Gardens at Mumbai 33%
 BCIL Zedwood at Bangalore - 31 - 42%