HUDCO to Fund Chhattisgarh's Infra & Housing with ₹1 Lakh Crore Over 5 Years
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CNBC TV18•07-01-2026, 18:32
HUDCO to Fund Chhattisgarh's Infra & Housing with ₹1 Lakh Crore Over 5 Years
- •State-owned HUDCO signed a non-binding MoU with Chhattisgarh for up to ₹1 lakh crore in financial assistance over five years.
- •The funding targets housing, core infrastructure (water, roads, smart cities), non-core infrastructure (hospitals, IT), power, and renewable energy projects.
- •Chhattisgarh government agencies aim to avail ₹20,000 crore annually until FY2030 for various development projects.
- •HUDCO's loans are subject to its lending policies, due diligence, and adequate security, with terms decided case-by-case.
- •The MoU is an in-principle arrangement; Chhattisgarh does not directly commit to repayment, and agencies can seek other lenders.
Why It Matters: HUDCO commits ₹1 lakh crore to boost Chhattisgarh's housing and infrastructure development over five years.
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