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CORPORATION (HUDCO)
SUBMITTED BY :
ANIKET 10001006011
INTRODUCTION
It is agovernment-owned corporationinIndia.
One of thepublic sector undertakings, it is wholly owned
by theUnion Governmentand is underthe administrative
controlof theMinistry of Housing and Urban Poverty
Alleviation.
It was set up with a view to provide loans and technical
support to States and City level agencies and other
eligible
organization
for
various
types
of
housing
activities and infrastructure development.
It
is
charged
with
buildingaffordable
carrying outurban development .
housingand
HISTORY OF HUDCO
HUDCO, since its inception in 1970, has made steady and
Housing is a basic need and like any basic human need will
be constantly in demand.
The potential for housing in this country is huge by NHB
estimates.
The paradox of Indian economic growth manifests itself in
several ways.
India has high housing shortage; on the other hand there is
a massive and rapidly growing stock of vacant houses.
HUDCO has contributed significantly for housing for the
disaster affected population, by extending substantial
techno-financial
assistance
for
rehabilitation
and
reconstruction in the aftermath of natural calamities
HUDCO has been advocating pre-disaster mitigation and risk
reduction involving prediction, preparation, prevention,
publicity and protection, in addition to post-disaster
actions of rescue, relief, rehabilitation, reconstruction,
repairs, and renewals and retrofitting.
PROGRAMMES OF HUDCO
HUDCO extends assistance benefiting the masses in
urban and rural areas under a broad spectrum of
programmes as listed below:
Housing
Infrastructure
Building Technology
Consultancy Services
Research and Training
OBJECTIVES OF HUDCO
To provide long term finance for construction of houses for
residential purposes or finance or undertake housingand
urban development programmes in the country.
To finance or undertake, wholly or partly, the setting up of
new or satellite town.
OBJECTIVES OF HUDCO
To promote, establish, assist, collaborate and provide
consultancy services for the projects of designing
andplanning of works relating to Housing and Urban
Development programmes in India and abroad.
To finance and undertake housing and urban development
programs in urban and rural areas.
RURAL
Financial assistanceis available toany state govt.agency
such as housing board, rural housing board, district boards,
panchayat, taluka development board etc. which is nominated
by the state govt. for underatking such schemes with hudco's
financial assistance.
The following three types of schemes are being financed by
hudco inrural areas:
SLUM UPGRADATION
The loansunder such schemes are given tothe housing boards, slum
clearance board, development authorities, improvement trusts,
local bodies etc.
REFERENCE
http://www.indiaspend.com/investigations/urbanisation-sounds-gr
eat-but-who-has-the-money-to-fund-it
http://firangionindia.wordpress.com/2012/09/25/indias-urban-hou
sing-shortage/
http://corecommunique.com/estimated-housing-shortage-in-india/
http://www.rbi.org.in/scripts/BS_SpeechesView.aspx?id=688
http://mhupa.gov.in/PQAS/hudco.pdf
http://www.ihcn.in/pdf/Presentations/Presentations/19Dec/3.%20H
UDCO%20.pdf
http://mhupa.gov.in/pdf/performance/2002-2003/8.pdf
http://www.housingfinance.org/uploads/Publicationsmanager/Asia_
IndianHousingFinanceSystem.pdf