In a significant move to boost housing finance in the North-East, the National Housing Bank (NHB) hosted a meeting with MDs and CEOs of Housing Finance Companies, Small Finance Banks (SFBs), and Regional Rural Banks (RRBs) on April 17, 2025, in Guwahati. The event, themed “Unlocking Potential: Housing Finance as a Catalyst for North-East Development,” aimed to discuss how housing finance can accelerate growth in the region.
The meeting, graced by Shri Manoj Ayyappan, Joint Secretary of the Department of Financial Services, and Shri Kuldip Narayan, Joint Secretary (HFA) from the Ministry of Housing and Urban Affairs, also featured the virtual inauguration of new branches of PNB Housing Finance and Aadhar Housing Finance in Guwahati. Senior officials from the Ministry of Finance and various state governments participated in the discussions.
During the event, a detailed presentation highlighted the housing finance landscape of the North-East, with a special focus on PMAY 2.0, an interest subsidy scheme. The session explored the challenges and opportunities for financing housing projects in Assam, Manipur, Meghalaya, Mizoram, and Tripura. Guwahati, as the gateway to the North-East, stands to gain significantly from these initiatives. The city’s real estate market is growing rapidly, with increased demand for affordable housing. The availability of housing finance through new schemes and banking collaborations is expected to accelerate construction, making homeownership more accessible for residents and promoting urban development in the region.