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News: The National Housing Bank (NHB) has launched the Gruh Sugam Portal to revolutionize housing finance accessibility.

About Gruh Sugam Portal

It is a digital initiative to streamline the home loan process for Defence / Government personnel.
Launched by: National Housing Bank (NHB)
It promotes digital lending adoption and strengthens financial inclusion by improving access to housing loans.
Features of the portal:
- Who can apply: Defence Personnel, Members of Paramilitary Forces, Government Employees (State and Central) can apply for housing loans digitally through their respective administrative units.
- It gives access to Unified Digital Marketplace that improves transparency and helps applicants discover the most suitable loan offers.
- It provides seamless digital integration between NHB and lending institutions to ensure smoother operations.
- It improves loan processing efficiency through a structured digital system.
- It includes a grievance redressal mechanism and consumer protection support. It offers an online chat facility for quick resolution of queries.

It is the apex agency to promote cost effective housing finance system in India.
Set up: It was set up by an Act of Parliament in 1987.
Nodal Ministry: It operates under the Ministry of Finance.
Objective: To promote a sound, healthy, viable and cost effective housing finance system to cater to all segments of the population and to integrate the housing finance system with the overall financial system.
Head office: Its head office is at New Delhi.