HUDCO Registers 87% Growth in DisbursementsDuring Financial Year 2018-19

Sarkaritel
By Sarkaritel April 3, 2019 12:04


Dr. M. Ravi Kanth , CMD HUDCO shared the highlights of HUDCO’s excellent performance during the year 2018-19. Since inception, HUDCO has financed over 17100 housing and infrastructure projectswith a cumulative sanction of Rs. 2,01,931 crore and disbursements of Rs.1,66,175 crore.HUDCO has supported more than 19.34 million houses in the country, both in rural andurban areas, thus making it the largest facilitator of housing delivery in the country.

During the year 2018-19, atotal of 20.6 lakhdwelling units were sanctioned, including EWS and LIG category. Against the annual disbursement target of Rs.16,565 crore, HUDCO has disbursed Rs. 31,010 crore. This is a growth of 87% over the previous year’s disbursements of 16,565 crore.

HUDCO became a listed company in 2017 and has maintained its“AAA” ratingfor the third consecutive year.As of December 2018, HUDCO’s gross NPA stood at 5.82% and net NPA at 0.80%, which is among the lowest in the sector. HUDCO is expected to get “Excellent” rating for the eighth year in a row, for the tripartite MoU signed by HUDCO with MoHUPAand DPE for the year 2018-19.

Sarkaritel
By Sarkaritel April 3, 2019 12:04