Housing and Urban Development Corporation (HUDCO) has raised funds of Rs 2050 crore through issue of Government of India fully serviced, unsecured, taxable HUDCO bonds series – II 2018 and the proceeds has been fully utilized for lending to Building Materials and Technology Promotion Council (BMTPC) an autonomous body of MoHUA, which has been identified by Government of India to take loans on their behalf, as per advice of MoHUA and disburse the same as central assistance to various States/ UTs through Central Nodal Agencies, so designated under Pradhan Mantri Awas Yojana (Urban) (PMAY).
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.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
