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HUDCO achieves level of loan sanctions of Rs 12,115.68 crore

Housing and Urban Development Corporation (HUDCO) has achieved the level of Loan Sanctions of Rs 12,115.68 crore and Loan Releases of Rs 12,850.29 crore (Release against current year sanction is Rs 5107.33 crore and release against previous year sanction is Rs 7742.96 crore), as on December 31, 2018, for the financial year 2018-19.

HUDCO finances social housing and residential real estate through primarily lending to State Governments and their agencies, which, in turn, extend the finance to or utilise the finance for the ultimate individual beneficiaries.

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