HOUSING FINANCE

Housing & Urban Development Corporation Ltd. (HUDCO)

HUDCO was established on April 25, 1970 as a fully owned enterprise of the Government of India. It is the only Housing Finance Company in India, which has full government support. In its almost 40 years of operations, HUDCO has constantly ameliorated the housing conditions of all groups with a thrust to the needs of the Low Income Group (LlG) and Economically Weaker Sections (EWS). Every 9 out of 10 dwelling units supported by HUDCO is to EWS/LIG. HUDCO today has emerged as the leading national techno-financing institution with the major objective of financing/encouraging the housing activity in the country and alleviating housing shortage of all groups in rural and urban areas and also the development of urban infrastructure of various shades in human settlements.

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National Housing Bank

NHB incorporated in 1988 under the National Housing Bank Act 1987, began operations with an initial capital of Rs. 100 crore. Over the years, RBI has infused capital into the institution and currently, NHB has a capital base of Rs. 450 crore. NHB, is the apex institution in the Housing finance sector. It operates as the principal agency to promote Housing Finance Institutions both at the local and regional levels and provides financial and other support to such Institutions.

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