EVERYDAY SCIENCE

Detailed explanation-1: -Housing and Urban Development Corporation Ltd. (HUDCO) was incorporated as a fully owned Government Company under the Companies Act, 1956 with the main objective of financing Housing and Urban development projects in the country.

Detailed explanation-2: -HUDCO contributes in promotion of appropriate, cost effective, building material and technologies for use in Housing and Infrastructure sector at grass root level through the National Network of building centres a scheme of MoHUA, Govt of India.

Detailed explanation-3: -Shri M Nagaraj, is the Director(Corporate Planning) of our Company.

Detailed explanation-4: -HUDCO was incorporated as ‘The Housing and Urban Development Finance Corporation Private Limited’ on April 25 1970 as a private limited company under the Companies Act 1956 and granted a certificate of incorporation by the then Registrar of Companies Delhi.

Detailed explanation-5: -HUDCO, incorporated in 1970, is a listed Miniratna public sector enterprise under the Ministry of Housing and Urban Affairs, Government of India (GoI). It is a public financial institution and primarily finances social housing and Urban Infrastructure projects.