In a groundbreaking move, Housing and Urban Development Corporation Ltd. (HUDCO) has been granted the prestigious NBFC-IFC (Non-Banking Financial Company – Infrastructure Finance Company) status by the Reserve Bank of India. This milestone marks a significant leap forward in HUDCO’s mission to drive socio-economic growth and sustainable development in India.
With this new status, HUDCO is poised to disrupt the infrastructure financing landscape by diversifying its portfolio and extending financial support to viable projects in cutting-edge sectors like renewable energy, smart cities, and green infrastructure. Shri Sanjay Kulshreshta, CMD HUDCO, emphasized the company’s commitment to fostering growth and improving the quality of life for citizens, aligning with the government’s vision of ‘Viksit Bharat’.
As a Navratna CPSE, HUDCO has been at the forefront of techno-financing innovation, leveraging its expertise to bridge the infrastructure financing gap in India. This NBFC-IFC status is a testament to HUDCO’s dedication to driving progress and prosperity through sustainable infrastructure development.
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