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.