Volume : IV, Issue : IV, April - 2014

Housing Finance in India – Special Reference To Lic

Dr. A Rambabu

Abstract :

 Shelter is a basic human need.  Securing ownership of a house can raise the welfare of households that lives in it and inter alia enhances productivity, efficiency and creatively.  Housing Finance is a specialist economic activity is of recent origin in India. The rapid pace of urbanization has serious implications on demand of housing.  Besides, Government and the Public Sector Corporations and Financial Institutions granted loans and advances to their employees for house construction purposes. This group includes the insurance sector, namely, the Life Insurance Corporation, General Insurance Corporation and its four subsidiaries, and Commercial Banks.  These are general financial intermediaries and lend only a small portion of their funds towards house construction. LIC as a premier financial institution in the country has been engaged in housing activity since 1959, contributing substantially to its development.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr. A. Rambabu HOUSING FINANCE IN INDIA – SPECIAL REFERENCE TO LIC Indian Journal of Applied Research, Vol.IV, Issue. IV

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