1. NHB

1.1 Objective of NHB


2.1 Role of IRDA

3. Commercial Banks

3.1 Role of Commercial Banks

4. PDS

4.1 Role of PDS


National Housing Bank (NHB), a Government of India closely-held entity, was created on nine Gregorian calendar month 1988 below the National Housing Bank Act, 1987. NHB is that the apex establishment for housing. NHB has been established with Associate in Nursing objective to control as a principal agency to push housing finance establishments each at native and regional levels and to produce money and alternative support concomitant such establishments and for matters connected thereupon.

Objective of NHB

  • To push a sound, healthy, viable, and price-effective housing finance system to cater to any or all segments of the population and to integrate the housing finance system with the national economy.
  • To push a network of dedicated housing finance establishments to adequately serve varied regions and completely different financial gain, teams.
  • To reinforce resources for the arena and channelize them for housing.
  • To form housing credit cheaper.
  • To control the activities of housing finance firms supported regulative and higher-up authority derived below the Act.
  • To encourage augmentation of offer of buildable land and conjointly building materials for housing and to upgrade the housing stock within the country.
  • To encourage public agencies to emerge as facilitators and suppliers of repaired land, for housing.


Insurance regulative Associate in Nursing Development Authority (IRDA) is an autonomous regulative body that protects the interests of the client. They administrate the expansion of the insurance sector in India and conjointly maintain a speedy development. The most objective of the IRDA is to shield the interests of the client and regulate the insurance trade. To understand the varied functions and therefore the role of IRDA within the Indian insurance sector, browse on to be told regarding the apex body of insurance suppliers in India.

Role of IRDA

The insurance trade in India dates back to the first 1800s and has matured over the years with higher transparency and specializes in protecting the interest of the client. The IRDA plays an Associate in nursing integral role in accentuating the importance of policyholders and their interest whereas framing rules and laws. Here are the necessary roles of the IRDA:

  • To shield the policyholder’s interests.
  • To facilitate speed up the expansion of the insurance trade in Associate in nursing orderly fashion, for the good thing about the soul.
  • To offer long-run funds to hurry up the nation’s economy.
  • To promote, set, enforce and monitor high standards of integrity, truthful dealing, money soundness, and competency of the insurance suppliers.
  • To guarantee real claims area units settled quicker and with efficiency.
  • To stop malpractices and fraud, the IRDA has created a grievance redress forum to confirm the client is protected.
  • To promote transparency, fairness, and systematic conduct of insurance within the money markets.
  • To build a dependable management system to form certain high standards of monetary stability area unit followed by insurers.
  • To take adequate action wherever such high standards don’t seem to be maintained.
  • To make sure the optimum quantity of self-regulation of the trade.

Commercial Banks

The industrial banks finance the economic sector during a range of the way. They supply short-run, medium-term, and long-run loans to trade. In India, they supply short-run loans. So they not solely offer finance for trade however conjointly facilitate in developing the capital market that is undeveloped in such countries.

Role of Commercial Banks

  • Accelerating the speed of Capital Formation: Commercial banks encourage the habit of thrift and mobilize the savings of individuals. These savings area units effectively allotted among the final word users of funds, i.e., investors for productive investment. So, savings of individuals lead to the capital formation that forms the premise of economic development.
  • Provision of Finance and Credit: industrial banks area unit a really necessary supply of finance and credit for trade and trade. The activities of economic banks don’t seem to be solely confined to domestic trade and commerce, however reach foreign trade conjointly.
  • Developing Entrepreneurship: Banks promote entrepreneurship by underwriting the shares of the latest and existing firms and granting help in promoting new ventures or funding promotional activities.
  • Promoting Balanced Regional Development: Commercial banks offer credit facilities to rural individuals by gap branches within the backward areas. The funds collected in developed regions are also channelized for investments within the below-developed regions of the country.
  • Help to Consumers: Commercial banks advance credit for the purchase of sturdy shopper things like Vehicles, T.V., white goods, etc., that area unit out of reach for a few shoppers because of their restricted paying capability.


PDS evolved as a system of management of inadequacy through the distribution of food grains at cheap costs. The Central Government, through the Food Corporation of India (FCI), has assumed the responsibility for procure, storage, transportation, and bulk allocation of food grains to the State Governments

Role of PDS

The Indian food security system was established by the govt of India below the Ministry of shopper Affairs, Food and Public Distribution to distribute food and non-food things to India’s poor at subsidized rates. Food Corporation of India, a Government-owned corporation, procures and maintains the general public distribution system (PDS). Today, India has the biggest stock of grain within the world besides China, the govt spends Rs. 750 billion annually.

About the Author

BankReed Admin

Banking Professional with 16 Years of Experience. The idea to start this Blogging Site is to Create Awareness about the Banking and Financial Services.

View All Articles