The Pioneer 23.05.2013
HUDCO okays Rs2,000 crore for development of cities
“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.
