HUDCO to fund Bihar industrial infrastructure with Rs 25,000 crore

New Delhi: Housing and Urban Development Corporation Limited (HUDCO) has signed an MoU with the Government of Bihar to provide term loans of up to Rs 25,000 crore over five years for the development of industrial infrastructure in the state.

Follow The PSUWatch Channel on WhatsApp

The funding will support the development of industrial parks across Bihar, including land acquisition and enabling infrastructure. The loans will be provided in tranches to a statutory authority designated by the state government.

Under the agreement, HUDCO will offer flexible financing terms, including a moratorium and a repayment schedule of up to 25 years, with an option for prepayment. Repayment will be backed by project-generated revenues or other identified revenue sources, including state budget allocations.

Follow PSU Watch on LinkedIN

The MoU will remain valid for three years, subject to annual review, with separate operational agreements to be executed for individual projects.

The agreement was signed by Kuhdah Kumar, Managing Director, Infrastructure Development Authority, Bihar, and Sanjay Kulshrestha, Chairman and Managing Director, HUDCO.

(PSU Watch is India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy. 👉 Click to join our channel now: PSUWatch WhatsApp Channel. Prefer LinkedIn? Follow PSU Watch on LinkedIN. Click to stay connected on Twitter here and stay updated)