https://www.myinvestmentspub.com - Availability of institutional credit in form of home loans in urban areas is very important to fight the shortage of housing among this major segment of the population. The announcement of the Urban Housing Fund in the Union Budget 2013-14, whereby the Hon'ble Finance Minister proposed to allocate Rs. 2,000 crore to the National Housing Bank (NHB) is therefore of great importance. This fund would be used to refinance banks and housing finance companies so that they can lend it out as home loans to people, who want to buy a house in urban areas. The scheme aims to enhance credit availability, and meet home loan needs of the middle-class and the lower middle class.