Promise Tracker

Infusion of capital for the Housing Bank

Budget Speech para. 279: "We will initiate action to amalgamate the HDFC Bank and State Mortgage and Investment Bank (SMIB) to create Housing Bank and I propose to allocate Rs. 7,500 million for capital infusion.
  • Allocation (Rs. Mn) :  7,500
  • Sector :  Banking & Finance
  • Ministry / Government Institution :  Ministry of Public Enterprise Development

OPENNESS

Responsive

Response letter from RTI request discloses level of progress of implementation.

PROGRESS

Broken

The funding has been withdrawn by Ministry of Finance and Mass Media. Funds have been redirected to facilitate and fund the rehabilitation and reconstruction activities of damaged properties due to adverse weather, as per a cabinet decision on 11 July 2017.

Documents

Sources of Information

  • Budget Tracker - Website RTI