HUDCO Full Form | Full Form of HUDCO

HUDCO stands for Housing and Urban Development Corporation Limited.
It a wholly-owned government company which provides loans for housing and urban infrastructure projects in India.
Its vision is to become a leading techno-financial institution to promote sustainable habitat development for transforming the lives of people.
It's headquartered at New Delhi. Dr. M. Ravi Kanth IAS (KL: 86) is that the current (as of July 2017) Chairman & Managing Director of HUDCO.

Housing and Urban Development Corporation Limited

Main Objectives

The key objectives of the corporate as described in its Memorandum of Association are listed below:

To provide long team loan for the construction of houses for residential purposes.
To finance or undertake the setting up of new towns.
To finance or undertake the setting up of enterprises of building material.
To administer the cash received as grants from Government of India and other sources.
To promote, establish and provide consultancy services for the projects related with Housing and Urban Development programmes.
To set up HUDCO's own Mutual Fund related with Housing and Development programmes.

It was incorporated as a private Ltd. "The Housing and concrete Development Finance Corporation Private Limited" on 25 April 1970.
In the mid-1970s, its name was changed to its present name and a new certificate of incorporation was issued by the then Registrar of Companies, Delhi & Haryana.
On 9 December 1996, it had been notified as a public financial institution under Section 4A of the businesses Act, 1956 by the Department of Company Affairs, Ministry of Finance, GOI.
On 31 July 2001, NHB issued a certificate of registration to HUDCO permitting it to carry on the business of a housing finance institution.