Performance of LIC Housing Finance with Reference to Kalaburagi City

Housing problems India is very chronic, particularly among the low income and such other marginalized groups who are beyond the reach of the formal institutional agencies for housing finance. Housing Finance is a relatively new concept in India comparing to other financial services that are widely available in the country since a long year back. The Government has adopted many strategies and programmes; but it is not reached interior and most needy part of the country. Housing one of the durable goods producing both necessary luxury service to human and it is capital assets to its owners. It is one of the important economic activities and plays an important role of socio-psychological development of the individuals. Housing is one of the social services and it is a capital-intensive industry. Housing has contributed too many filed; one such important contribution is in generation of employment. It is very important for a country like India, where unemployment is a serious problem and increased household take home pay by reducing commuting expenses.