India Low-Income Housing Finance

Abstract*

The development objective of the Low Income Housing Finance Project for India is to provide access to sustainable housing finance for low income households, to purchase, build or upgrade their dwellings. The project has three components. The first component is capacity building. Under this component activities will be financed to strengthen the capacity of National Housing Bank (NHB), qualified intermediary institutions, and Qualified Primary Lending... Show More

Development Objective

To provide access to sustainable housing finance for low income households, to purchase, build or upgrade their dwellings.

Key Details

Project Details

Project ID
P119039
Status
Closed
Team Leader
Anuradha Ray
Borrower 2
Republic of India

Country
India
Disclosure Date
June 6, 2011
Approval Date
(as of board presentation)
May 14, 2013
Effective Date
November 20, 2013

Total Project Cost 1
US$ 100.00 million
Implementing Agency
National Housing Bank,National Housing Bank,Department of Financial Services, Ministry of Finance
Region
South Asia
Fiscal Year 3
2013

Commitment Amount
US$ 100.00 million
Environmental Category
F
Last Update Date
May 27, 2021
Closing Date
December 31, 2018

Consultant Services required
No
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Finance

FY17 - Financial Stability65%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring65%

FY17 - Public Sector Management

FY17 - Public Administration2%
- FY17 - Transparency, Accountability and Good Governance2%

FY17 - Urban and Rural Development

FY17 - Urban Development33%
- FY17 - Services and Housing for the Poor33%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	100.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	100.00
IBRD + IDA Commitment	100.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	100.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Sep 15, 2019	IDA-52830	Int Charges	317,909.75
Sep 15, 2019	IDA-52830	Int Charges	529,849.70
Mar 15, 2020	IDA-52830	Loan Repay	32,380.65
Mar 15, 2020	IDA-52830	Int Charges	307,791.88
Mar 15, 2020	IDA-52830	Int Charges	307,791.88
Mar 15, 2020	IDA-52830	Int Charges	512,986.44
Mar 15, 2020	IDA-52830	Loan Repay	2,973,799.80
Oct 9, 2018	IDA-52830	Loan Disb	3,361,291.20
Mar 15, 2019	IDA-52830	Int Charges	553,165.20
Mar 15, 2019	IDA-52830	Int Charges	1,988.87
Mar 15, 2019	IDA-52830	Loan Repay	3,037,154.80
Mar 15, 2019	IDA-52830	Int Charges	331,899.10
Mar 15, 2019	IDA-52830	Int Charges	331,899.10
Sep 15, 2018	IDA-52830	Int Charges	332,322.88
Sep 15, 2018	IDA-52830	Int Charges	332,322.88
Sep 15, 2018	IDA-52830	Int Charges	551,867.80
Sep 15, 2018	IDA-52830	Int Charges	12,548.60
Sep 15, 2018	IDA-52830	Loan Repay	3,059,709.50
Sep 27, 2018	IDA-52830	Loan Disb	638,734.80
Sep 15, 2017	IDA-52830	Int Charges	256,081.60
Sep 15, 2017	IDA-52830	Int Charges	256,081.60
Sep 15, 2017	IDA-52830	Int Charges	400,605.80
Mar 15, 2018	IDA-52830	Int Charges	550,198.00
Mar 15, 2018	IDA-52830	Int Charges	27,813.28
Mar 22, 2018	IDA-52830	Loan Disb	1,773,991.00
Mar 15, 2018	IDA-52830	Int Charges	337,919.50
Mar 15, 2018	IDA-52830	Int Charges	337,919.50
Mar 15, 2017	IDA-52830	Int Charges	193,124.31
Mar 15, 2017	IDA-52830	Int Charges	193,124.31
Mar 15, 2017	IDA-52830	Int Charges	321,873.88
Mar 15, 2017	IDA-52830	Int Charges	1,373.74
Jun 19, 2017	IDA-52830	Loan Disb	12,654,732.00
Jun 16, 2017	IDA-52830	Loan Disb	9,935,528.00
Sep 15, 2017	IDA-52830	Int Charges	631.32
Sep 15, 2017	IDA-52830	Int Charges	631.32
Aug 22, 2017	IDA-52830	Loan Disb	8,895,360.00
Sep 28, 2016	IDA-52830	Loan Disb	9,872,790.00
Sep 28, 2016	IDA-52830	Loan Disb	13,042,004.00
Sep 15, 2016	IDA-52830	Int Charges	193,343.69
Sep 15, 2016	IDA-52830	Int Charges	722.97
Sep 15, 2016	IDA-52830	Int Charges	116,861.41
Sep 15, 2016	IDA-52830	Int Charges	116,861.41
Mar 31, 2015	IDA-52830	Loan Disb	1,930,247.10
Sep 15, 2015	IDA-52830	Int Charges	33,367.92
Sep 15, 2015	IDA-52830	Int Charges	33,367.92
Sep 15, 2015	IDA-52830	Int Charges	59,783.94
Sep 15, 2015	IDA-52830	Int Charges	3,034.27
Sep 15, 2015	IDA-52830	Int Charges	3,034.27
Mar 23, 2016	IDA-52830	Loan Disb	22,321,760.00
Mar 15, 2016	IDA-52830	Int Charges	875.90
Mar 15, 2016	IDA-52830	Int Charges	36,579.07
Mar 15, 2016	IDA-52830	Int Charges	36,579.07
Mar 15, 2016	IDA-52830	Int Charges	60,245.62
Sep 15, 2014	IDA-52830	Int Charges	43,051.76
Sep 15, 2014	IDA-52830	Int Charges	25,831.01
Mar 15, 2015	IDA-52830	Int Charges	25,463.25
Mar 15, 2015	IDA-52830	Int Charges	25,463.25
Mar 15, 2015	IDA-52830	Int Charges	45,908.76
Mar 15, 2015	IDA-52830	Int Charges	2,082.00
Mar 15, 2015	IDA-52830	Int Charges	2,082.00
Sep 15, 2014	IDA-52830	Int Charges	25,831.01
Apr 25, 2014	IDA-52830	Loan Disb	3,119,952.00
Mar 25, 2014	IDA-52830	Loan Disb	4,954,809.00
Jan 9, 2015	IDA-52830	Loan Disb	544,857.00
Mar 15, 2024	IDA-52830	Int Charges	232,039.45
Mar 15, 2024	IDA-52830	Loan Repay	2,809,138.80
May 14, 2013	IDA-52830	Loan Commitment	100,000,000.00
Mar 15, 2024	IDA-52830	Loan Repay	0.01
Mar 15, 2024	IDA-52830	Int Charges	386,732.44
Mar 15, 2024	IDA-52830	Loan Repay	95,480.41
Mar 15, 2024	IDA-52830	Int Charges	-0.01
Mar 15, 2024	IDA-52830	Int Charges	-0.01
Mar 15, 2024	IDA-52830	Int Charges	232,039.45
Sep 15, 2022	IDA-52830	Loan Repay	46,663.79
Sep 15, 2022	IDA-52830	Loan Repay	2,777,923.50
Sep 15, 2022	IDA-52830	Int Charges	257,422.56
Sep 15, 2022	IDA-52830	Int Charges	257,422.56
Sep 15, 2022	IDA-52830	Int Charges	429,037.66
Sep 15, 2023	IDA-52830	Loan Repay	46,180.59
Mar 15, 2023	IDA-52830	Int Charges	422,925.78
Sep 15, 2023	IDA-52830	Loan Repay	2,830,343.20
Sep 15, 2023	IDA-52830	Int Charges	240,582.00
Sep 15, 2023	IDA-52830	Int Charges	240,582.00
Sep 15, 2023	IDA-52830	Int Charges	400,970.03
Mar 15, 2022	IDA-52830	Loan Repay	1,504,366.20
Mar 15, 2022	IDA-52830	Int Charges	279,846.30
Mar 15, 2022	IDA-52830	Int Charges	279,846.30
Mar 15, 2022	IDA-52830	Int Charges	2,256.13
Mar 15, 2022	IDA-52830	Int Charges	466,410.56
Mar 15, 2023	IDA-52830	Loan Repay	39,044.47
Mar 15, 2023	IDA-52830	Loan Repay	2,864,789.20
Mar 15, 2023	IDA-52830	Int Charges	253,755.45
Mar 15, 2023	IDA-52830	Int Charges	253,755.45
Sep 15, 2021	IDA-52830	Loan Repay	20,077.38
Sep 15, 2021	IDA-52830	Loan Repay	1,535,189.50
Sep 15, 2021	IDA-52830	Int Charges	128,163.30
Sep 15, 2021	IDA-52830	Int Charges	128,163.30
Sep 15, 2021	IDA-52830	Int Charges	166,983.94
Sep 15, 2021	IDA-52830	Int Charges	166,983.94
Sep 15, 2021	IDA-52830	Int Charges	489,579.62
Mar 15, 2021	IDA-52830	Int Charges	44,072.41
Mar 15, 2021	IDA-52830	Loan Repay	1,557,971.80
Mar 15, 2021	IDA-52830	Int Charges	301,502.90
Mar 15, 2021	IDA-52830	Int Charges	301,502.90
Mar 15, 2021	IDA-52830	Int Charges	502,504.88
Sep 15, 2020	IDA-52830	Loan Repay	1,535,894.80
Sep 15, 2020	IDA-52830	Int Charges	304,797.88
Sep 15, 2020	IDA-52830	Int Charges	304,797.88
Sep 15, 2020	IDA-52830	Int Charges	464,289.40
Sep 15, 2020	IDA-52830	Loan Repay	9,163.64
Sep 15, 2019	IDA-52830	Loan Repay	8,342.43
Sep 15, 2019	IDA-52830	Loan Repay	2,986,953.20
Sep 15, 2019	IDA-52830	Int Charges	317,909.75

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Financial Management	Satisfactory	2018-12-27
Progress towards achievement of PDO	Satisfactory	2018-12-27
Overall Implementation Progress (IP)	Satisfactory	2018-12-27
Project Management	Moderately Satisfactory	2018-12-27
Monitoring and Evaluation	Moderately Satisfactory	2018-12-27
Overall Safeguards Rating	Satisfactory	2018-12-27
Procurement	Moderately Satisfactory	2018-12-27

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 09-24-2019
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 01-27-2020	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of Primary Lending Institutions active in the target low-income segment Value 25.00 35.00 0.00
Date June 30, 2013 December 31, 2018
Comment
Number of Borrowers growth Value 100.00 150.00 375128.00
Date June 30, 2013 December 31, 2018 June 30, 2017
Comment
Lending Volume Growth Value 100.00 150.00 79587.00
Date June 30, 2013 December 31, 2018 June 30, 2017
Comment

NPLs (percentage of replacements of non-performing with performing sub-loans by primary lenders required for pools of loans which have been refinanced by NHB)	Value	1.00	1.50	0.58
	Date	April 1, 2013	December 31, 2018	June 30, 2017
	Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

NHB issues Lending Guidelines for Housing Loans with Alternative Security Arrangements Value 0.00 2.00 0.00
Date April 1, 2013 December 31, 2018
Comment
Number of Pilots Launched Value 0.00 4.00 0.00
Date April 1, 2013 December 31, 2018
Comment
Technical Assistance is implemented according to agreed business plan Value 0.00 5.00 8.00
Date April 1, 2013 December 31, 2018 June 30, 2017
Comment

Number of Primary Lending Institutions active in the target low-income segment	Value	25.00	35.00	0.00
	Date	June 30, 2013	December 31, 2018
	Comment

Number of Borrowers growth	Value	100.00	150.00	375128.00
	Date	June 30, 2013	December 31, 2018	June 30, 2017
	Comment

Lending Volume Growth	Value	100.00	150.00	79587.00
	Date	June 30, 2013	December 31, 2018	June 30, 2017
	Comment

Number of Pilots Launched	Value	0.00	4.00	0.00
	Date	April 1, 2013	December 31, 2018
	Comment