The Housing and Urban Development Corporation Limited (HUDCO) is a central public sector undertaking under the

ownership Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different ...

Ministry of Housing and Urban Affairs The Ministry of Housing and Urban Affairs (MoHUA) is a ministry of the Government of India with executive authority over the formulation and administration of the rules and regulations and laws relating to the housing and urban development in Ind ...

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, c ...

in India.

History

This institution came into existence on 25, April, 1970 as a private limited company under the complete ownership of Indian Government with an equity base of Rs. 2 crore under the Companies Act, 1956. It was created against the backdrop of housing deficit in India in 1960s and 70s, with the objective of addressing issue of housing finance and playing role in urban infrastructure development. The organisation provides finance for setting up of new towns and also works as consultancy services for the projects of designing and planning relating to Housing and Urban Development programs in India as well as abroad. HUDCO won

UN-Habitat Scroll of Honour Award The UN-Habitat Scroll of Honour Award was created by the United Nations Centre for Human Settlements (UNCHS) in 1989 to encourage and recognize the countries, governments, organizations, and individuals who have made great contributions to the deve ...

for the contributions to the development of housing in 1991. The institution was conferred with miniratna status in 2004.

Infrastructure

HUDCO started financing for development of infrastructures in 1989. The priority was giving for infrastructure facilities including projects in the sectors of drainage, electricity, water supply, sewerage, solid waste management and roads in the urban areas. Later the social infrastructure components like primary schools and play grounds, hostels for working women, healthcare centres, police stations and jails, courts, etc. received benefit of funding for low cost.

Road and Transport

HUDCO has provided term loans for construction of roads and other transportation sectors which includes construction of Airport, Railways, Ports, Metro Rails, Bridges and Flyover, Railway Over-bridges, Subways, Bypasses, Bus Terminal, Parking complexes, Purchase of public transport vehicles, Bus Stops/stations, Intelligent Traffic Management system etc. Airports projects of

Cochin International Airport Cochin International Airport is an International airport serving the city of Kochi, in the state of Kerala, India. Located at Nedumbassery, about northeast of the city centre, Cochin International Airport is first of its kind which is develo ...

and

Calicut International Airport Calicut International Airport , also known as Kozhikode Airport or Karipur Airport, is an international airport located in Karipur, Malappuram district of Kerala, India. It serves the Malabar region of Kozhikode, Malappuram, Wayanad and Palak ...

in Kerala are supported by HUDCO. The infrastructure for

Kerala State Road Transport Corporation Kerala State Road Transport Corporation (KSRTC) is a state-owned road transport corporation in the Indian state of Kerala. It is one of the country's oldest state-run public bus transport services. The corporation is divided into three zones ( ...

and UPSRTC are also funded by them. HUDCO sanctioned 100 crore rupees for KSRTC in 2002 for purchasing 550 buses and 350 mini-buses and 260 crores in 2014 for purchasing 1500 buses.

Solid Waste Management

In 1994 HUDCO set up a Waste Management Cell for promotion of municipal waste management.

Sewerage and Drainage

HUDCO has sanctioned 58 schemes with a project cost of Rs 675 crore to provide new systems and to augment the existing systems.

Water Supply

295 water supply schemes, with a project cost of Rs 5,285 crore was funded by HUDCO. In 2016 HUDCO has also given finance to Nellore's underground drainage project proposed by

Nellore Municipal Corporation Nellore Municipal Corporation is the civic body of Nellore, Andhra Pradesh, India. It has a population of 6,00,869 (2011 census). It is located 279km from the capital city. It was established as Nellore Municipality in 1884 and was constituted ...

References

External links

Hudco Official Website
{{authority control 1970 establishments in Delhi Financial services companies established in 1970 Government-owned companies of India Companies based in New Delhi Urban planning in India Housing finance companies of India Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange