National Housing Bank disburses Rs 421-crore subsidies

National Housing Bank (NHB), as a central nodal agency (CNA), has disbursed housing subsidies worth Rs 421 crore so far this year and expects to double this next year, an official said today.
The bank will also accelerate the middle income group (MIG) programme, MD and CEO of NHB Sriram Kalyanaraman.
"NHB, as a CNA, has disbursed subsidies of Rs 421 crore so far and expects to double this next year and also accelerate the MIG programme," Kalyanaraman said in a statement.
"Maharashtra and Gujarat accounted for 65 per cent share of the subsidies in the (credit-linked subsidy scheme) CLSS programme, which is open to people with annual household income of Rs 6-18 lakh," he added.

In all, 38 primary lending institutions, including banks, housing finance companies and a small finance bank entered into MoUs with NHB for implementation of the scheme.
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Deepest container vessel berths at JNPT
The nation's largest port JNPT berthed the deepest container vessel--MSC Sola-- at its Gateway Terminal.
The vessel, Sola, arrived on March 28 and is the deepest container vessel ever handled by it till date, a statement from Jawaharlal Nehru Port Trust.
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Air India bags top Reader's Digest award
National carrier Air India has been awarded the most trusted brand in airline category by consumers in 2016.

The Reader's Digest most trusted brand award is given on basis of a consumer survey and study done by market research firm TNS.