class="MsoNormal" style="text-align: justify;">The National Housing Bank (NHB) on August 05, 2020 has issued a notification for the extension of the utilization period under the Liquidity Infusion Facility (LIFT) Scheme. The LIFT scheme was implemented by the government to cater to the needs of the people in the affordable housing finance sector which was valid till June 30, 2020. In the LIFT scheme, all the housing finance companies that were availing refinance under the Scheme had to create a portfolio of individual housing loans, falling under the category of Priority Sector within 6 months of availing the facility. Thus, the government decided to extend the period of utilization with another 3 months under the scheme.
Thus, the period for the utilization of funds after availing the facility of refinance under the Scheme is nine months from now on. Other terms and conditions shall remain unchanged.
[Notification No. NHB (ND)/R&PFD/2020-21]
