HUDCO stands for

HUDCO stands for the Housing and Urban Development Corporation Limited. It was incorporated on April 25, 1970, as a fully owned Government of India enterprise under the Companies Act, 1956 [t1][t8]. Initially established as 'The Housing and Urban Development Finance Corporation Private Limited', its name was changed to the current form in 1974 [t4][t8]. HUDCO functions as a premier public financial institution with the primary mandate of providing long-term finance for housing and urban infrastructure projects across India [t1][t5]. It plays a critical role in national development by financing projects for State Housing Boards, development authorities, and cooperative societies, with a specific focus on the Economically Weaker Sections (EWS) and Low Income Groups (LIG) [t1][t10]. Over the years, it has evolved into a 'Navratna' company, significantly impacting urban rejuvenation and social housing [t6][t9].

Sources

1. [1] https://mohua.gov.in/upload/uploadfiles/files/4(4).pdf