MoU11 Jul 2026, 11:00 pm
HUDCO Signs MoU with Odisha 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 Odisha on July 11, 2026. The agreement aims to provide term loans up to ₹1,00,000 Crore over five years for various urban infrastructure projects in Odisha. These include projects under the Urban Challenge Fund (UCF), Bhubaneswar-Cuttack-Puri-Paradeep Economic Region (BCPPER), and Mukhyamantri Sahari Vikas Yojana (MSVY), encompassing land acquisition. HUDCO will also offer project preparation and capacity building support. The MoU is valid for three years, subject to annual review.
Key Highlights
- HUDCO to provide ₹1 Lakh Crore in term loans over 5 years.
- Funding targets urban infrastructure and housing projects in Odisha.
- MoU includes project preparation and capacity building support.
- Loan terms offer flexibility with up to 25-year repayment.
- Agreement valid for 3 years with annual review.
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