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Q.

What is HUDCO?

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Hi Buddy,

Do you want to know what is HUDCO housing scheme? Let me assist you with the same. Housing and Urban Development Corporation Ltd. (HUDCO) was established under the Companies Act of 1956 as a wholly owned government corporation with the primary goal of financing housing and urban development projects throughout the country.

By avoiding excessive brokerage fees, you can get your dream home at an affordable price!

HUDCO funds a wide range of housing and urban development projects proposed by State Housing Boards, Development Authorities, Improvement Trusts, Co-operative Housing Societies, and other organisations. HUDCO has grown into a significant public financial institution with the primary goal of financing and stimulating housing and urban development activity in the country, and it has developed strong project preparation, assessment, financial planning, and monitoring capabilities. I hope his clarifies your query about the HUDCO meaning.

In the following operational areas, HUDCO has made major contributions to national development:

  • House (including the 2-million Housing Program) 

  • Profitability and Social Justice, with a focus on EWS and LIG. 

  • Aid to the victims of natural disasters 

  • Housing initiatives led by non-governmental organisations (NGOs) and community-based organisations (CBOs). 

  • Initiatives for rental housing initiatives in the North-Eastern region. 

  • Housing initiatives in rural areas model villages/model improved slums are being established.

  • Development of urban infrastructure, including water supply and sewerage/drainage networks. Efforts to manage waste commercial schemes and energy-saving projects.

  • Area Development Projects, Social Infrastructure, Transportation Sector Initiatives in the field of urban infrastructure

I would like to conclude my answer here about the HUDCO housing scheme. I hope this helps:)

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