MoU Signed between HUDCO and MoHUPA

Sarkaritel
By Sarkaritel March 31, 2015 16:28

MoU Signed between HUDCO and MoHUPA


The Memorandum of Understanding for the year 2015-16 was signed between Housing and Urban Development Corporation Limited (HUDCO) and Ministry of Housing & Urban Poverty Alleviation (MoHUPA) with c (MoHUPA) and Dr. M. Ravi Kanth, Chairman and Managing Director (HUDCO) on 30th March, 2015.

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The MoU for 2015-16 envisages a significant growth in the operations of HUDCO in the housing and urban development sectors with proposed sanctions of Rs.16900 crore and disbursements of Rs. 7774 crore during the year, with focus on social housing and core infrastructure.

As per the MoU, MoHUPA would facilitate HUDCO to achieve its projected growth by supporting the Corporation to increase its credit worthiness and enable it to achieve its social objectives by providing the necessary policy support. The Ministry would also support HUDCO in mobilizing resources at lower costs.

HUDCO has been rated as ‘Excellent’ during the last three years.

Sarkaritel
By Sarkaritel March 31, 2015 16:28