Page 29 - BANKING FINANCE JUNE 2016
P. 29
PRESS RELEASE
HUDCO Registers Excellent Performance in Financial Year 2015-16
Performance and Achievement Highlights schemes for Nellore town (total loan amount Rs 990 crore),
airport projects at Bhogapuram in Vizianagaram (loan
Housing & Urban Development amount Rs 1500 crore) .
Corporation Ltd. (HUDCO), the
premier techno-financing CPSE HUDCO has been assigned "AAA" Rating, for the first time
under the Ministry of Housing on "Stand Alone Basis" from 3 major rating agencies of the
and Urban Poverty Alleviation country. Also, HUDCO had raised Rs. 5000 crore through
has completed yet another Tax Free Bonds successfully at a competitive rate.
year of excellence, in the
service of the nation. HUDCO is HUDCO has recently entered into MoU with Govt. of
expected to get "Excellent" Telangana for "Mission Bhagiratha" a safe drinking water
rating consecutively for fifth flagship project and with Telangana State Housing
year in a row, for the MoU Corporation for construction of houses for weaker section
signed with MoHUPA for the year 2015-16. families.
HUDCO's loan sanctions are highest ever since inception @ In the Credit Linked Subsidy Scheme of Housing for All
Rs.30774 crore. (urban) Programme under the Pradhan Mantri Awas
Yojana, HUDCO has been identified as one of the Central
HUDCO releases also are highest ever in last 46 years @ Nodal Agencies to channelize the subsidy. Besides, HUDCO
Rs.8250 crore. being a Prime lending institution (PLI) through its Retail
Finance Window i.e. HUDCO Niwas, to expand institutional
Besides, HUDCO has posted a profit of Rs.782 crore credit flow to the housing needs of urban poor. HUDCO has
(provisional), the highest ever profit so far. Loan executed 37 MoUs with various Public Sector, Private
outstanding as of 31st March 2016, has touched a level of Sector, Cooperative Banks and Grameen Banks. Also,
Rs.35,395 crore, resulting in a year-on-year growth of 9 %. HUDCO has appraised 42 sample projects with a total
project cost of Rs. 6358.03 crore and central share of Rs.
Since inception, HUDCO has financed over 17000 housing 1554.87 crore for construction of 1.10 lac DUs.
and infrastructure projects with a cumulative sanctions of
Rs.1,61,871 crore and releases of Rs.1,09,438 crore. As training initiative, HUDCO'S HSMI conducted 16 training
HUDCO has supported more than 16.57 million houses in programmes including 14 for Urban Local Bodies, 1 for
the country, in both rural and urban areas, thus making it NAREDCO & 1 International training programme for
the largest facilitator of housing delivery in the country. A professionals from different sectors.
total of 4.57 lakh units were sanctioned during the year
2015-16 for affordable housing, including EWS and LIG The annual HUDCO Design Awards, which give recognition
category beneficiaries. Major weaker section housing and encourage innovative ideas of architects, town planners
schemes sanctioned include 1.6 lakh housing units under the and engineers that make cities inclusive, liveable and
2 BHK housing programme in Telangana and the EWS environmentally sustainable, were given to 19 awardees
housing programme in rural areas for 2 lakh households in under various categories.
Andhra Pradesh.
In line with the thrust areas identified in its Corporate Social
HUDCO has also been consistently working to accelerate Responsibility (CSR) and Sustainability Policy, HUDCO has
the pace of providing quality urban infrastructure in the sanctioned assistance of Rs.11.86 crore for socially beneficial
country by financing around 2149 infrastructure projects, proposals such as construction of Night Shelters, Sanitation
a total of 170 urban infrastructure projects have been and Employment Oriented Skill Training Programmes all
sanctioned with a total loan component of Rs 11,984 crore over the country.
covering utility, social and commercial infrastructure. Major
infrastructure projects sanctioned include Water Supply A number of awareness raising activities related to
Distribution Network project in Greater Hyderabad area cleanliness and sanitation were organised on a pan India
(loan amount Rs 1700 crore), water supply and sewerage level to commemorate the 125th birth anniversary of Dr.
Bhim Rao Ambedkar.
BANKING FINANCE | JUNE | 2016 | 29
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