The National Housing Bank on 13th April 2021 has launched the Special Refinance Facility – 2021 (SRF-2021) which shall provide short term refinance support to s Housing Finance Companies and other eligible Primary Lending Institutions on flexible terms and conditions. The total amount allocated under this scheme shall be Rs.10,000 crore.
In view of the recent surge of COVID -19 cases, to sustain the growth momentum, the Reserve Bank of India has provided another Special Liquidity Facility-2 (SLF-2) of Rs.10,000 crore to National Housing Bank (NHB)
Further, this facility will be repaid in 4 quarterly instalments to avoid abrupt withdrawal of liquidity from the system.
All PLIs who have availed financial assistance under SRF/ ASRF including any other eligible PLI (HFCs/ RRBs/ SFBs/ SCBs as eligible for Refinance under LRS) with some relaxations as on 31.03.2020 only for the specific purpose of SRF-2021:
• Max Net NPA limit is 7.50%.
• Ratio of Individual Housing Loans to Total Assets be a minimum of 51%, as under LRS (for HFCs)
