The chairman-cum-managing director of the Housing and Urban Development Corporation (HUDCO) Dr M Ravi Kanth, informed that during the year 2018-19, a total of 20.6 lakh dwelling units were sanctioned, including the EWS and LIG category. Against the annual disbursement target of Rs 16,565 crore, HUDCO has disbursed Rs 31,010 crore. This is a growth of 87 per cent over the previous year’s disbursements of Rs 16,565 crore.
Sharing the highlights of the company’s performance during the year 2018-19, he explained that since inception, HUDCO has financed over 17,100 housing and infrastructure projects with a cumulative sanction of Rs 201,931 crore and disbursements of Rs 1,66,175 crore. HUDCO has supported more than 19.34 million houses in the country, both in rural and urban areas, thus making it the largest facilitator of housing delivery in the country.
HUDCO became a listed company in 2017 and has maintained its ‘AAA’ rating for the third consecutive year. As of December 2018, HUDCO’s gross NPA stood at 5.82 per cent and the net NPA at 0.80 per cent, which is among the lowest in the sector. HUDCO is expected to get the ‘Excellent’ rating for the eighth year in a row, for the tripartite MoU signed by HUDCO with the MoHUPA and DPE for the year 2018-19. HUDCO has also been consistently working to accelerate the pace of providing quality urban infrastructure in the country over the decades by financing over 2200 infrastructure projects, covering utility, social and commercial infrastructure.
Some of the major infrastructure projects sanctioned include a line of credit of Rs 2175.30 crore to the Odisha Urban infrastructure Fund Board for storm water/drainage works in five cities of the state and a financial assistance of Rs 200 crore to the Agartala Smart City Limited for construction/ upgradation of smart city components. HUDCO has been identified as one of the Central Nodal Agencies (CNA) to channelise the subsidy under the Credit Linked Subsidy Scheme of Housing for All (Urban) Programme under the Pradhan Mantri Awas Yojana. As CNA, HUDCO has executed MoUs with 86 banks/Prime Lending Institutions (PLIs) for EWS/LIG category and with 80 banks/PLIs for MIG-I and MIG-II.
HUDCO has disbursed Rs 318.03 crore as CLSS subsidy to EWS/LIG 14,825 beneficiaries and Rs 86.33 crore as CLSS subsidy to 4,215 MIG beneficiaries till March 31. During 2018-19, HUDCO disbursed Rs 260.99 crore CLSS subsidy to 11,738 EWS/LIG beneficiaries and Rs 80.96 crore CLSS subsidy to 3,937 MIG category beneficiaries, through its Retail Finance Window i.e. HUDCO Niwas.
As part of its capacity-building efforts, HUDCO’S HSMI conducted five research studies and 16 training programmes, including three international training programme for professionals under the ITEC programmes of the Ministry of External Affairs. The annual HUDCO Design Awards, which give recognition and encourage innovative ideas of architects, town planners and engineers that make cities inclusive, livable and environmentally sustainable, were given to seventeen awardees under five categories.
In line with the thrust areas identified in its corporate social responsibility (CSR) and Sustainability Policy, HUDCO has sanctioned assistance of Rs 9.30 crore for socially beneficial proposals all over the country such as sanitation, education and healthcare, renewable energy solutions, employment-oriented skill training programmes and rehabilitation housing for flood victims in Kerala.