Housing & Urban Development Corporation Ltd. (HUDCO), the premier techno-financing CPSE under the Ministry of Housing and Urban Poverty Alleviation has completed yet another year of excellence, in the service of the nation. HUDCO is expected to get “Excellent” rating consecutively for fifth year in a row, for the MoU signed with MoHUPA for the year 2015- 16.
HUDCO’s loan sanctions are highest ever since inception @ Rs.30774 crore.
HUDCO releases also are highest ever in last 46 years @ Rs.8250 crore.
Besides, HUDCO has posted a profit of Rs.782 crore (provisional), the highest ever profit so far. Loan outstanding as of 31st March 2016, has touched a level of Rs.35,395 crore, resulting in a year-on-year growth of 9 %.
Since inception, HUDCO has financed over 17000 housing and infrastructure projects with a cumulative sanctions of Rs.1,61,871 crore and releases of Rs.1,09,438 crore. HUDCO has supported more than 16.57 million houses in the country, in both rural and urban areas, thus making it the largest facilitator of housing delivery in the country. A total of 4.57 lakh units were sanctioned during the year 2015-16 for affordable housing, including EWS and LIG category beneficiaries. Major weaker section housing schemes sanctioned include 1.6 lakh housing units under the 2 BHK housing programme in Telangana and the EWS housing programme in rural areas for 2 lakh households in Andhra Pradesh.
HUDCO has also been consistently working to accelerate the pace of providing quality urban infrastructure in the country by financing around 2149 infrastructure projects, a total of 170 urban infrastructure projects have been sanctioned with a total loan component of Rs 11,984 crore covering utility, social and commercial infrastructure. Major infrastructure projects sanctioned include Water Supply Distribution Network project in Greater Hyderabad area (loan amount Rs 1700 crore), water supply and sewerage schemes for Nellore town (total loan amount Rs 990 crore), airport projects at Bhogapuram in Vizianagaram (loan amount Rs 1500 crore) .
HUDCO has been assigned “AAA” Rating, for the first time on “Stand Alone Basis” from 3 major rating agencies of the country. Also, HUDCO had raised Rs. 5000 crore through Tax Free Bonds successfully at a competitive rate.
HUDCO has recently entered into MoU with Govt. of Telangana for “Mission Bhagiratha” a safe drinking water flagship project and with Telangana State Housing Corporation for construction of houses for weaker section families.
In the Credit Linked Subsidy Scheme of Housing for All (urban) Programme under the Pradhan Mantri Awas Yojana, HUDCO has been identified as one of the Central Nodal Agencies to channelize the subsidy. Besides, HUDCO being a Prime lending institution (PLI) through its Retail Finance Window i.e. HUDCO Niwas, to expand institutional credit flow to the housing needs of urban poor. HUDCO has executed 37 MoUs with various Public Sector, Private Sector, Cooperative Banks and Grameen Banks. Also, HUDCO has appraised 42 sample projects with a total project cost of Rs. 6358.03 crore and central share of Rs. 1554.87 crore for construction of 1.10 lac DUs.
As training initiative, HUDCO’S HSMI conducted 16 training programmes including 14 for Urban Local Bodies, 1 for NAREDCO & 1 International training programme for professionals from different sectors.
The annual HUDCO Design Awards, which give recognition and encourage innovative ideas of architects, town planners and engineers that make cities inclusive, liveable and environmentally sustainable, were given to 19 awardees under various categories.
In line with the thrust areas identified in its Corporate Social Responsibility (CSR) and Sustainability Policy, HUDCO has sanctioned assistance of Rs.11.86 crore for socially beneficial proposals such as construction of Night Shelters, Sanitation and Employment Oriented Skill Training Programmes all over the country.
A number of awareness raising activities related to cleanliness and sanitation were organised on a pan India level to commemorate the 125th birth anniversary of Dr. Bhim Rao Ambedkar.
IndianBureaucracy.com wishes the best to Shri Ravikant and his awesome team at HUDCO !!