Gruha Sugam Portal

Gruha Sugam Portal Latest News

Recently, the National Housing Bank (NHB) launched the Gruha Sugam Portal.

About Gruha Sugam Portal

• It enables Defence / Government personnel to avail home loans with ease from the location of their posting.
• It will accelerate digital lending adoption and financial inclusion.
• It will facilitate increased home ownership through improved access to housing loans, strengthening the mission of promoting affordable and sustainable housing finance

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Salient features of the Portal

• Defence Personnel, Members of Paramilitary Forces, Government Employees (State and Central) can apply for housing loans digitally through their respective administrative units. 
• No need to visit the banks and financial institutions for loan approvals and processing.
• Unified Digital Marketplace which enables market transparency and discovery of best suited offer
• Seamless digital integration with NHB and lending institutions to ensure ease of operations
• Enhanced Loan Processing Efficiency
• Grievance Redressal and Consumer Protection
• Online Chat facility for quick query resolution
• National Housing Bank launches Gruh Sugam Portal focusing on Defence, Paramilitary & Government Personnel

Key Facts about National Housing Bank

• It is an apex agency established to promote housing finance companies (HFCs) in India. 
• It is an All-India Financial Institution (AIFl) wholly owned by the Government of India (GoI).
• NHB supervises HFCs, while regulation of HFCs is with the Reserve Bank of India (RBI).
• NHB is wholly owned by the GoI post the 24 April 2019 notification of RBI i.e. The entire paid-up capital of NHB is held by the government.
• Functions of NHB
  • Supervision and grievance redressal regarding HFCs
  • Financing
  • Promotion and Development
• Head Office: New Delhi.

Source: PIB