Role of HUDCO
Under PMAY-Urban, HUDCO has been nominated as a Central Nodal Agency (CNA), along with NHB, to channelize the subsidy to the prime lending institutions (e.g., banks and HFCs), monitor the progress of the scheme and furnish utilization certificates to the MoHUA under the vertical of Credit Linked Subsidy Scheme (CLSS). In respect of the other 3 verticals of PMAY-Urban HUDCO has been entrusted by MoHUA to undertake desk and site scrutiny in respect of the three verticals viz - In-situ Slum Redevelopment (ISSR), Affordable Housing in Partnership (AHP) and Beneficiary Led Construction (New/Enhancement).
HUDCO over the years has contributed towards Housing and Urban Infrastructure Sectors by way of undertaking various facilitative activities for MoHUA and its Government of India Programmes, viz;