HUDCO stands for Housing and Urban Development Corporation Limited. It is a public sector company in India that primarily focuses on providing finance for housing and urban infrastructure projects. HUDCO was established in 1970 as a wholly owned subsidiary of the Life Insurance Corporation (LIC) of India. However, it became an independent company in 1977.
The main objective of HUDCO is to facilitate the development of housing and urban infrastructure in India. It provides loans and financial assistance to state governments, local authorities, and other public agencies for various projects related to housing, urban development, and infrastructure development.
HUDCO's activities include financing the construction of houses, development of residential and commercial complexes, infrastructure projects such as water supply, sewerage, roads, bridges, and other urban development initiatives. It also provides technical and advisory services to support project implementation and capacity building.
HUDCO raises funds through various sources, including borrowing from financial institutions, issuing bonds, and accessing capital markets. It has played a significant role in promoting affordable housing and improving the living conditions of low-income groups in India.
In addition to its financing activities, HUDCO also undertakes research and development projects, conducts training programs, and disseminates knowledge related to housing and urban development.
The main objective of HUDCO is to facilitate the development of housing and urban infrastructure in India. It provides loans and financial assistance to state governments, local authorities, and other public agencies for various projects related to housing, urban development, and infrastructure development.
HUDCO's activities include financing the construction of houses, development of residential and commercial complexes, infrastructure projects such as water supply, sewerage, roads, bridges, and other urban development initiatives. It also provides technical and advisory services to support project implementation and capacity building.
HUDCO raises funds through various sources, including borrowing from financial institutions, issuing bonds, and accessing capital markets. It has played a significant role in promoting affordable housing and improving the living conditions of low-income groups in India.
In addition to its financing activities, HUDCO also undertakes research and development projects, conducts training programs, and disseminates knowledge related to housing and urban development.