Published On: Tue, May 15th, 2012

HUDCO sanctioned loan to Economically Weaker Sections

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By Accommodation Times Bureau

New Delhi: The Minister for Housing and Urban Poverty Alleviation Kumari Selja has said that the amount of loan sanctioned by Housing and Urban Development Corporation (HUDCO) for economically weaker sections in the country including Uttar Pradesh during each of the last three years.
In a written reply in the Lok Sabha today Kumari Selja said, the scheme of Interest Subsidy Scheme for Housing the Urban Poor (ISHUP), launched by the Ministry of Housing & Urban Poverty Alleviation, aims to leverage flow of institutional finance for the Economically Weaker Section(EWS) and Lower Income Group(LIG) segment household and resulted in creation of additional housing stock of 3.10 lakh houses for EWS/LIG segments during the XIth Five Year Plan. Out of which, 2.13 lakh dwelling units are targeted for EWS housing and 0.97 lakh for LIG housing. However, this is a demand driven scheme.

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