MoU3 Jul 2026, 03:54 pm
HUDCO Signs MoU with Bihar Govt for ₹1 Lakh Cr Urban Infra Funding
AI Summary
Housing & Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with the Government of Bihar. The agreement, signed on July 3, 2026, in Patna, outlines HUDCO's commitment to provide term loans up to ₹1,00,000 Crore (One Lakh Crore) over a period of 5 years. These funds are designated for various urban infrastructure projects in Bihar, including land acquisition. The MoU aims to facilitate the planning, development, and financing of proposed Greenfield Satellite Cities. HUDCO will offer flexible terms, including a moratorium and repayment schedule up to 25 years, with loan disbursement in tranches. The agreement is valid for 3 years, subject to annual review.
Key Highlights
- HUDCO to provide ₹1 Lakh Crore in term loans over 5 years.
- Funding targets urban infrastructure and land acquisition in Bihar.
- MoU facilitates development of Greenfield Satellite Cities.
- Flexible loan terms including extended repayment period.
- Agreement valid for 3 years with annual review.
Price Impact
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