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` Incorporated on 25th April,1970.
` HUDCO was an expression of the concern of thecentral government in regard to the deteriorating
housing conditions in the country and a desire toassist various agencies in dealing with it in a positivemanner.
` The principal mandate of HUDCO was to amelioratethe housing conditions of all groups with a thrust to theneeds of low-income group (LIG) and economicallyweaker sections (EWS).
` HUDCO today has emerged as the leading nationaltechno-financing institution.
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VISIONVISION
"TO BE AMONG THE LEADING KNOWLEDGE
HUBS AND FINANCIAL FACILITATING
ORGANISATIONS FOR HABITAT
SETTLEMENT"
MISSIONMISSION
" TO PROMOTE SUSTAINABLE HABITAT DEVELOPMENT TO ENHANCE THE QUALITY
OF LIFE"
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` To provide long term finance for construction of houses for residentialpurposes or finance or undertake housing and urban developmentprogrammes in the country.
` To finance or undertake, wholly or partly, the setting up of new or satellite town.
` To finance or undertake the setting up of industrial enterprises of building material.
` To administer the moneys received, from time to time, from theGovernment of India and other sources as grants or otherwise for thepurposes of financing or undertaking housing and urban development
programmes in the country.
` To promote, establish, assist, collaborate and provide consultancyservices for the projects of designing and planning of works relating toHousing and Urban Development programmes in India and abroad.
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` Launched in Mar,1999 to provide housing finance to resident and non-resident Indians.
` Most competitive interest rates, broad based user friendly options and
value added service.
` Loans provided for construction/extension/improvements or purchase
of house/flat; for purchase of plot from public agencies etc.. .
Some Features:
` Interest calculated on monthly reducing balance
` Waiver of last two months installments if all earlier installment are paid
on time
` Free personal accident insurance and insurance of borrowers house
against fire and natural calamities.
` Low processing and administrative charges.
` No prepayment penalties
` Free counseling on designing the house, alternate building
technologies etc.
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` Has been entrusted the responsibility to finance urbaninfrastructure projects.
` For this, the ministry of urban development andpoverty alleviation, Govt. of India provides funds.
` Has so far sanctioned loan of more than Rs 25000 Cr for over 2000 urban infrastructure projects.
` Projects undertaken covers water supply, sewerage,
and drainage, solid waste management, road/bridges,airports, social infrastructure, area developmentprojects, commercial complexes, integrated low costsanitation and basic sanitation schemes.
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` Credit Appraisal
Repayment Capacity, Applicant & Co-Applicants,
Sources of Income, etc..
` Legal Appraisal
Compliance with laws, paperwork's, etc..
` Technical AppraisalConcerned with technical aspects of the project/house,
continuous till completion.
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Thank You«.
