MoU17 Jun 2026, 10:10 pm
HUDCO Signs MoU with Gujarat Govt for ₹1 Lakh Cr Funding
AI Summary
Housing and Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with the Government of Gujarat. Under this agreement, HUDCO commits to providing financial assistance of up to Rs. 1,00,000 Crore over the next two years for identified infrastructure projects in Gujarat. The MoU aims to support the overall economic development of the state. The Government of Gujarat will facilitate necessary approvals for HUDCO's financing activities, which will be provided on flexible terms and conditions. This partnership is valid for two years.
Key Highlights
- HUDCO to provide up to ₹1 Lakh Crore in financial assistance.
- MoU signed with the Government of Gujarat for infrastructure projects.
- Assistance valid for two years to boost state's economic development.
- Flexible financing terms including moratorium and repayment schedule.
- Gujarat Govt to facilitate necessary project approvals.
Price Impact
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