HUDCO is fully geared up to take up the challenge of providing affordable housing: Dr. M. Ravi Kanth

Accommodation Times News Services

By Nikita Parekh & NImisha Gupta

HUDCO is a Public Sector Company, under the Ministry of Housing & Urban Poverty Alleviation (MoHUPA), HUDCO has been a key partner with the Government in building assets for the Nation. In its operations, HUDCO lays a considerable emphasis on the housing need of the ‘deprived’ i.e Economically Weaker Sections (EWS) and Low-Income Groups (LIG). To elaborate more on HUDCO’s functioning and role in providing housing Accommodation Times, got in conversation with Dr. M. Ravi Kanth, IAS (r) Chairman & Managing Director, HUDCO.

Ravi Kanth CMD HudcoQ.1.     What is HUDCO’s role in providing affordable housing to the citizens?

Ans.   HUDCO has the mandate of providing long-term finance for housing projects in the country, especially for EWS & LIG segments of the society. With a pan-India presence, HUDCO has emerged as a major player in housing finance over the last 44 years offering a wide range of financing options and services. For housing, HUDCO finances and supports a broad spectrum of housing activities such as Urban, Rural & Staff Rental Housing, Land Acquisition schemes, etc., undertaken by the State Public Organisations and Housing Projects under JNNURM for meeting the State/ ULB contribution (Viability Gap Funding) as well as Retail Financing to individuals, through HUDCO Niwas.

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