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English Release 20-December 2014
Date Month Year
  • Prime Minister's Office
  • Prime Minister Congratulates Indian men and women Kabaddi teams for winning Kabaddi World Cups
  • PM attends meeting of Somnath Trust
  • Min of Home Affairs
  • H.P. Chaudhary advises SSB to face challenges with commitment and confidence
  • Min of Information & Broadcasting
  • Shri Arun Jaitley inaugurates Multimedia Exhibition on Former Prime Minister Shri Atal Bihari Vajpayee
  • Min of Parliamentary Affairs
  • Winter Session of Parliament enters final lap; Rajya Sabha still to decide on crucial Bills Lok Sabha’s productivity rises to 105% while that of Rajya Sabha declines to 68% Lok Sabha so far clears a record 17 Bills and Rajya Sabha only 11 Introduction of GST Bill in Lok Sabha, passing of labour reform Bills mark the high points of session
  • Min of Personnel, Public Grievances & Pensions
  • ACC Appointments
  • Min of Road Transport & Highways
  • Nitin Gadkari calls upon the Industry to invest in development of Inland Waterways
  • Min of Urban Development
  • National Level City Stakeholder Consultation held to finalize guidelines for HRIDAY Scheme; Shri Venkaiah Naidu emphasizes that the future development of any city must take into consideration its nature, history, and culture
  • LED based energy efficient smartstreet lights launched in Delhi by the Union Urban Development Minister Shri M.Venkaiah Naidu; Says that the Government is committed to work for development and betterment of the masses

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Ministry of Housing and Urban Poverty Alleviation04-December, 2012 16:44 IST
Credit Risk Guarantee Fund Established For Low Income Housing

The Government has approved the establishment of a Credit Risk Guarantee Fund Trust (CRGFT) for low income housing, with an initial corpus of Rs.1000 Crore. The Credit Risk Guarantee Fund Trust has been registered on 1st May, 2012 and the scheme has been notified. This was stated by Shri Ajay Maken, Union Minister of Housing & Urban Poverty Alleviation (HUPA), in the Lok Sabha today, in a written reply to a question by Shri Gurudas Dasgupta, Shri P. Lingam & Shri Nama Nageswara Rao. The CRGF Trust will administer and operate the Credit Risk Guarantee Fund Scheme. Under the Scheme, the fund will provide guarantee to the lending agencies for housing loans extended by them to persons belonging to the Economically Weaker Sections / Low Income Housing Groups upto Rs. 5 Lakh, without any third party guarantee or collateral security.

The Minister stated that the lending institutions eligible to avail benefit of the Guarantee cover under the Scheme are Scheduled Commercial Banks, Regional Rural Banks, Urban Co-operative Banks, Non Banking Financial Companies-Micro Finance Institutions (NBFC-MFIs), Apex Co-operative Housing Finance Societies registered under the State Co-operative Societies Act and Housing Finance Institutions registered with National Housing Bank (NHB).

The Minister further stated that the CRGF Scheme is a demand driven scheme and applicable for the eligible housing loan extended by the lending institution in Urban Areas. The coverage under urban areas may extend to statutory towns, urban agglomerations and planning areas, the Minister added.

RM/RS- USQ1691 - LS
(Release ID :89866)

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