class="MsoNormal">The National Housing Bank (NHB) on September 10, 2020 has issued a notification for the revision in the refinance scheme under affordable housing fund (AHF). A budget of Rupees 10,000 crore has been allocated for the AHF scheme for the financial year 2019-20. The refinance scheme has been launched to provide affordable housing scheme to the weaker sections with not more than 3Lakh as annual income. Further, the decision has been taken to provide 100% refinance facility of the claim amount in respect of individual borrowers with annual income not exceeding Rupees 3 Lakh annually. The loan shall be provided on a first come first serve basis and shall be based on the availability of the funds.
[Notification No. NHB (ND)/R&PFD/2020]
