MoU7 Jan 2026, 06:01 pm
HUDCO Signs MoU with Chhattisgarh Government for Rs.1,00,000.00 Crore Financial Assistance
AI Summary
Housing and Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with the Government of Chhattisgarh. As per this non-binding MoU, HUDCO may provide financial assistance of up to Rs.1,00,000.00 Crore (Rupees One Lakh Crore) during the next five years for execution of different housing and infrastructure projects in the State of Chhattisgarh. This MoU is only an in-principle arrangement and neither party is bound to commit the loan as borrower or lender.
Key Highlights
- HUDCO may provide financial assistance of up to Rs.1,00,000.00 Crore to Chhattisgarh Government
- MoU aims to fund housing and infrastructure projects in Chhattisgarh
- The agreement is non-binding and in-principle
- The financial assistance will be disbursed over the next five years
- The assistance will be in the form of debt