Housing & Urban Development Corporation ltd (HUDCO), the techno-financing public sector undertaking under the Ministry of Housing and Urban Poverty Alleviation (MoHUPA) has posted a net profit of Rs777 crore (provisional) in FY15 as against Rs726.34 crore during FY14, an increase of 7 per cent.
The total sanctions for 2014-15 were also 31 per cent higher with total sanction of Rs21,094 crore against the MoU target of Rs16,100 crore, a company release said. In respect of disbursements, a total amount of Rs8,100 crore has been disbursed against the target of Rs 7,300 crore, thus registering a 111 per cent growth. With this, the cumulative disbursements have crossed one lakh crore rupees and it is a major mile stone.
A total of 4.86 lakh residential units have been sanctioned for various sections of the society, against the annual target of 4.23 lakh units for the year 2014-15, the statement added. The major schemes sanctioned for housing cover the lohia Awas Yojana in Uttar Pradesh for 60,000 houses, Atal Aashray Awas Yojana in Madhya Pradesh for 1 lakh houses, additional loan assistance for Indira Awaas Yojana beneficiaries in Kerala for 1,49,700 families and rehabilitation and resettlement of project affected/displaced families of Upper Krishna project in Karnataka for 50,832 families. A housing scheme for weaker sections in Vadodara for 6096 houses has also been sanctioned.
In addition to all this, nine housing projects for a total of 20,158 units in nine district panchayats of Rajasthan have also been sanctioned by HUDCO. In the field of urban infrastructure projects, the company has sanctioned a total of 121projects for a total loan amount of 14,426 crore covering utility, social and commercial infrastructure.