1. Refinance Issues and Way Forward Peeyush Pandey Manager National Housing Bank April 20, 2012

2. Presentation Structure  Status of Refinance  Policy Changes  Issues and Challenges  Way Forward

3. Status of Refinance

4. Refinance Disbursements 8108 12496

5. Urban - Rural Break-up 8108 11723 12496

6. Loan Size Wise Break-up July 2011 - March 2012

7. Policy Changes

8. 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]

9.  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

10. Issues & Challenges

11.  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

12. 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

13.  Timeliness in submission of information / returns to NHB

14. Way Forward

15.  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)

16.  Indirect finance  Construction finance for affordable housing

17. 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%