HUDCO achieves level of loan sanctions worth Rs 15,581.24 crore

Housing and Urban Development Corporation (HUDCO) has achieved the level of loan sanctions of Rs 15,581.24 crore and loan releases of Rs 15,534.37 crore (Release against previous year sanction is Rs 7,942.06 and release against current year sanction is Rs 7,592.31), as on January 31, 2019, for FY19.

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.