Archive · 19 Sep 2025
AP to Borrow ₹4,500 Crore for TIDCO Housing Projects
The Andhra Pradesh government plans to borrow a large sum of money, about 4,500 crore rupees, to finish building houses for people in need.
They're getting the money from Hudco.
A previous government had left many houses unfinished, but the current government is working to finish them.
They need a total of 6,139 crore rupees to finish all the projects, and they'll use the borrowed money to pay the builders and speed things up.
The government is also asking people to start getting the houses they are supposed to get.
The government will borrow ₹4,500 crore from Hudco for housing projects.
The loan aims to complete unfinished houses.
Minister P Narayana spoke about the projects in the Assembly.
₹6,139 crore is needed to complete the entire project.
Arrears to contractors will be cleared with the loan.
- Who
- P Narayana
- What
- Announced a loan for housing projects
- When
- Thursday
- Where
- Assembly
- Why
- To complete housing projects and clear arrears.
Previous YSRCP Government
Current NDA Government
Housing Project Scope
Previous YSRCP Government
Reduced allocation of TIDCO houses, leaving many unfinished.
Current NDA Government
Resumed work on unfinished projects and secured funding for completion.
- Minister
- P Narayana
- Loan Amount
- ₹4,500 crore
- Lender
- Hudco
- Project
- TIDCO housing
- Funds Needed
- ₹6,139 crore
