Housing & Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with the Government of Bihar, on September 2, 2026 at Patna, Bihar. As per the MoU, HUDCO aims to provide financial assistance to the extent of Rs 25,000 crore, over a period of five years for development of industrial infrastructure including acquisition of land for the projects. The company shall provide funds on flexible terms and conditions, including a moratorium period with a flexible repayment schedule up to 25 years, with the option of prepayment.
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.
