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Does HUDCO fund for land acquisition?

April 26, 2017acquisition fund hudco land

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Does HUDCO fund for land acquisition?

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Ans. HUDCO provides loan assistance for land acquisition to public sector borrowers for taking up schemes, which are otherwise eligible for HUDCO project financing. HUDCO does not provide loan assistance for purely land acquisition to private sector borrowers. However, composite land acquisition and construction schemes from private sector borrowers are eligible for HUDCO project funding.