(A) To function as principal institution for financing, promoting and developing rural housing and related activities and act as a facilitator with the objective of providing thrust on fire-proof shelter upgradation and building cost-effective houses with the technology developed in the Building Centres.

(B) To carry on the business of providing long-term finance to any person or persons, company or corporation, society or association of persons with or without interest and with or without any security/purchase any house or any part or portions thereof in Orissa for residential purposes on such terms and conditions as the company may deem fit.

(C) To provide financial assistance for rural housing purposes directly to the individual borrowers or through voluntary groups like community management groups or such other like bodies.

(D) To extend support to upgrade and innovate cost-effective housing technology and standardization of cost-effective building materials and construction components.

(E) Subject to the provisions of the Banking Regulation Act., 1949 and National Housing Bank Act, 1987 to receive moneys on deposits, loans or otherwise with or without interest and to secure the same in such manner and on such terms and conditions as the Company may think fit and proper and to guarantee the debts, obligations and contracts of any person, firm, company or corporation whatsoever.

(F) To Negotiate loans of every description.

(G) To promote other support to rural housing activities and matters connected theirwith or incidental thereto, particularly in providing managerial, administrative and financial support for successful functioning of community management groups and Building Centres,

Limited Liability

The liability of the members is limited .

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