HUDCO Signs ₹1 Trillon MoU With Madhya Pradesh Urban Development Co.

Housing and Urban Development Corp. Ltd. (HUDCO) on Friday said it has signed a non-binding memorandum of understanding with Madhya Pradesh Urban Development Co. Ltd. to provide ₹1 trillion financial assistance over five years.

The funds will support various housing and infrastructure projects in Madhya Pradesh, HUDCO said in an exchange filing.

Apart from financing, HUDCO will also offer consultancy services and capacity-building support to ensure successful execution of these projects, the filing added.