Archive · 8 Jan 2026
HUDCO and Chhattisgarh sign ₹1 lakh crore MoU
HUDCO, a government company, has agreed with the Chhattisgarh state government to provide up to ₹1 lakh crore over five years.
This money will be used for building houses, roads, schools, hospitals, and other important things.
The agreement is not legally binding, and the state government can choose to get loans from other places if they find better deals.
The money will be given as loans, and the state government might guarantee some of them.
The agreement can last until 2030 and can be ended by either side with a month's notice.
HUDCO and Chhattisgarh government signed a non-binding MoU for ₹1 lakh crore funding over five years.
Funding will be used for housing, infrastructure, power, and renewable energy projects.
Annual funding of up to ₹20,000 crore is planned, with sector-wise allocations specified.
Loans will be subject to HUDCO's lending policies, due diligence, and project sanctions.
The MoU is valid until FY2030 and can be terminated with a 30-day notice.
- Who
- HUDCO and Chhattisgarh government
- What
- Signed a non-binding MoU for financial assistance
- When
- January 7, 2026
- Where
- Nava Raipur, Chhattisgarh
- Why
- To fund housing and infrastructure projects
HUDCO
Chhattisgarh Government
MoU Nature
HUDCO
Non-binding agreement, subject to lending policies and due diligence
Chhattisgarh Government
Flexibility to seek better deals from other lenders
- Parties Involved
- HUDCO and Chhattisgarh government
- Funding Amount
- ₹1,00,000 crore
- Duration
- Five years (up to FY2030)
- Annual Funding
- ₹20,000 crore per year
- Sector Allocation
- Housing: ₹10,000 crore, Core/Non-Core Infrastructure: ₹70,000 crore, Power: ₹10,000 crore, Renewable Energy: ₹10,000 crore
- MoU Validity
- Up to FY2030, terminable with 30-day notice
- HUDCO Share Price
- ₹226.80 (up 0.88%)
