Housing and Urban Development Corporation Ltd. (HUDCO), India’s leading techno-financing Navratna CPSE under Ministry of Housing and Urban Affairs, marked its 56th Foundation Day “Sankalp Diwas”.
About Housing and Urban Development Corporation Ltd. (HUDCO)
- It is a premier “Navratna” Public Sector Undertaking (PSU) under Ministry of Housing and Urban Affairs.
- Established in 1970
- It serves as a specialized techno-financial institution dedicated to financing housing and urban infrastructure projects across India.
Core Operations and Services
- Housing Finance: Focuses primarily on social housing for Economically Weaker Sections (EWS) and Low-Income Groups (LIG), while also providing retail finance through its brand “HUDCO Niwas“.
- Infrastructure Finance: Provides long-term funding for essential urban projects, including water supply, sewerage, solid waste management, metro transport systems, and power.
- Consultancy Services: Offers professional expertise in architectural design, urban planning, and project monitoring to various government and private agencies.
- Research and Training: Operates the Human Settlement Management Institute (HSMI) in New Delhi, which conducts research and capacity building in urban development.
Key Financial Highlights
- Navratna Status: Elevated to “Navratna” status by the Government of India in April 2024, granting it greater financial autonomy.
- Ownership: Government of India holds a majority stake of 75% in the company.
- Performance: Achieved record-breaking annual loan sanctions of approximately ₹82,386.55 crore in FY 2023-24, a 235% increase from the previous yea