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HUDCO has signed a Memorandum of Understanding with the Government

ICICIdirect Research 13 Jul 2026 DISCLAIMER

News: HUDCO has signed a Memorandum of Understanding with the Government of Odisha to provide term loans of up to ₹1 lakh crore over a period of five years for housing and urban infrastructure projects in the state. The funding will support projects under the Urban Challenge Fund (UCF), Bhubaneswar-Cuttack-Puri-Paradeep Economic Region (BCPPER) and Mukhyamantri Sahari Vikash Yojana (MSVY), along with land acquisition. Under the MoU, HUDCO will also provide project preparation and advisory support, including technical structuring, DPR and prefeasibility preparation, financial modelling, VGF support, asset register creation, capacity building and knowledge-sharing. The loans will be disbursed in tranches with flexible repayment schedules of up to 25 years, including a moratorium period, while separate project-specific agreements will be executed as projects are identified

View: Earlier HUDCO has entered into a long term financing MoU with Bihar and Gujarat. Disbursement under such MoU is seen to aid business growth

Impact: Positive

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