HUDCO sanctions Rs 4125 crore housing loan to EWSs: Selja

The Minister for Housing and Urban Poverty Alleviation Kumari Selja has said that the amount of loan sanctioned by Housing and Urban Development Corporation (HUDCO) for economically weaker sections in the country including Uttar Pradesh during the last three years  amounting to Rs 4125 crore and more than four million people were benefited. 

 

Despite unfavourable market condition, HUDCO was manged to give maxium loan amount of Rs 2267 cr for  4,02,341 housing units in 2011 fiscal compared to 2009 and 2010 period, she pointed out.

Year	HUDCO Loan (Rs. In crore)	Dwelling units	Persons Benefitted
2009-10	777.66	209792	1048960
2010-11	1080.40	221629	1108145
2011-12	2267.03	402341	2011705
TOTAL	4125.09	833762	4168810

In a written reply in the Lok Sabha Kumari Selja said, the scheme of Interest Subsidy Scheme for Housing the Urban Poor (ISHUP), launched by the Ministry of Housing & Urban Poverty Alleviation, aims to leverage flow of institutional finance for the Economically Weaker Section(EWS) and Lower Income Group(LIG) segment  household and resulted  in creation of additional housing stock of 3.10 lakh  houses for EWS/LIG segments during the XIth Five Year Plan.  

 

Out of which, 2.13 lakh dwelling units are targeted for EWS housing and 0.97 lakh for LIG  housing. However, this is a demand driven scheme, she added.