Dr Kanth inaugurates HUDCO Bhawan at Rail Head

Source: http://www.dailyexcelsior.com JAMMU, Dec 18

Dr M Ravi Kanth inaugurates HUDCO Bhawan at Rail Head

Dr. M. Ravi Kanth, Chairman & Managing Director, HUDCO inaugurated the HUDCO Bhawan

at Rail Head Complex, here, today. The other local dignitaries including Rajesh Kumar

Shavan, , Vice-Chairman, JDA, Dr. Manmohan Singh, Managing Director, J&K Housing Board,

officers of SBI, Amanullah Tak, Jt. Controller Communication Accounts, DoT and general

public across all sections of society were also present on this occasion.

CMD HUDCO in his address assured full participation of HUDCO in various development

activities of the State. HUDCO, being one of the Central Nodal Agencies, for Pradhan Mantri

Awas Yojna (PMAY), Credit Linked Subsidy Scheme (CLSS) has entered MoU with 69 banks in

all over the country, including four banks of J&K State and so far released an amount of

Rs.115.00 lakh of subsidy for CLSS. CMD stressed the need for clearing the long pending

default of J&K Co-operative Housing Corporation for further lending to the State of Jammu

& Kashmir and he sought the co-operation of all the concerned in this regard.

Dr Kanth said that Jammu HUDCO office is one of the most beautiful offices and appreciated

the efforts of all the employees of Regional Office. Jammu Development Authority (JDA) has

sought the financial assistance of HUDCO for its upcoming beautification of Tawi River Front

on the lines of Sabarmati River Front Project in Ahmedabad, wherein HUDCO funded the

project for Gujarat Government and CMD of HUDCO inspected the location for Tawi River

Project along with JDA officials. Song & Drama Division of Jammu Kendra presented cultural

programme highlighting patriotic songs on the occasion, which was appreciated by one & all

present.

HUDCO, a Government of India Enterprise under the Ministry of Housing & Urban Affairs, is

a premier techno-financing institution in the field of Housing and Urban Development in

India. Since its inception in 1970, HUDCO continues its mission of improving access to

housing for all and providing sustainable infrastructure in human settlements, to improve

the living conditions of people at large. HUDCO has so far assisted 117 projects in Jammu &

Kashmir with loan assistance of Rs.547.00 crore.

To give more momentum to the developmental activities in the State, HUDCO has opened

one of its Regional Office at HUDCO Bhawan, Rail Head Complex, Jammu (J&K) in 2000.

****