The Hindu 20.09.2013
HUDCO launches HuNNY scheme for small towns and cities
To prevent unplanned development in four small towns and
cities in the State, Housing and Urban Development Corporation Ltd.
(HUDCO) has been extending mortgage-based financial aid, HUDCO Chairman
and Managing Director V.P. Baligar said here on Thursday.
The
funding has been extended under HUDCO Nava Nagar Yojana (HuNNY) that
focuses on planned development by assisting local planning authorities
through technical, financial and marketing assistance across the
country.
In Karnataka, Tumkur and Koppal have
received Rs. 60 crore and Rs. 25 crore, respectively, while it is in the
process of extending assistance in Gadag and Chikmagalur for formation
of layouts.
“There are about 8,000 towns and cities
in the country and smaller towns are witnessing unplanned development.
HUDCO will fund the planning authorities for organised growth.
This
funding is based on mortgage of land,” Mr. Baligar told presspersons.
“We are funding for land acquisition too,” he added. Besides, HUDCO has
received a proposal from the Karnataka Police Housing Corporation for
construction of police quarters at a cost of Rs. 1,846 crore, he said.
Among
other funding for government agencies, HUDCO has extended a loan of Rs.
216 crore to the Bruhat Bangalore Mahanagara Palike and Rs. 1,200 crore
to Bangalore Metro Rail Corporation Ltd. of which Rs. 650 crore has
been released.
Tumkur and Koppal have got Rs. 60 crore and Rs. 25 crore, respectively.