Housing and Urban Development Corporation (HUDCO) has raised funds worth Rs 5,320 crore through issuance of Government of India Fully Serviced, Unsecured, Taxable HUDCO Bonds Series - V 2018 and the proceeds has been fully utilized for lending to Building Materials and Technology Promotion Council (BMTPC), an autonomous body of MoHUA.
HUDCO finances social housing and residential real estate through primarily lending to State Governments and their agencies, which, in turn, extend the finance to or utilise the finance for the ultimate individual beneficiaries.
