The Pioneer 23.05.2013
HUDCO okays Rs2,000 crore for development of cities
central government-owned corporation, has sanctioned Rs 2,000 crore for
the overall development of major cities in Punjab.
“There is no lack of funds for the development of cities in the state
and the amount sanctioned by HUDCO would ensure the overall development
of Amritsar, Jalandhar, Ludhiana, Bathinda, and Patiala including
various towns and small cities of Punjab,” said Punjab Local Bodies
Minister Bhagat Chunni Lal.
The minister, in a meeting with HUDCO chairman-cum-managing director VP
Baligar at Punjab Bhawan on Wednesday, reviewed the various loan
schemes of HUDCO for development of cities across the State.
Baligar told the Minister that HUDCO provides long-term finance for
construction of houses, undertake housing and urban development
programmes in the country.
He said that vision and mission of the HUDCO is “to be among the
leading knowledge hubs and financial facilitating organizations for
habitat settlement” and “to promote sustainable habitat development to
enhance the quality of life”.
The Minister further said that Punjab Government have already started
many projects. One of them is Municipal Bhawan being constructed in
Sector 35, Chandigarh, where all branches of Local Bodies Department of
Punjab would work under one roof from December 2013 onward.