In a strong bid to promote energy conservation in the residential sector, German KfW Development Bank is providing a loan of euro 50 million to National Housing Bank (NHB) for refinancing housing loans to buy energy efficient housing units.

KfW has pushed a similar scheme in Germany, where it provided loans to the tune of euro 40 billion for 1.8 billion “green” housing units. This helped substantively bring energy consumption down in the residential sector in Germany. India currently has 246.7 million households but the focus of the NHB is to target households that want to purchase flats in `50-70 lakhs bracket.