Current Affairs PDF Sales

Venkaiah Naidu inaugurates 47th Foundation Day of HUDCO

AffairsCloud YouTube Channel - Click Here

M Venkaiah Naidu has inaugurated the function to commemorate HUDCO’s 47th Foundation Day in New Delhi on April 25, 2017. He is the Minister of Urban Development, Housing & Urban Poverty Alleviation& Parliamentary Affairs.

Key Details

  • Venkaiah Naidu focused on three basic mantras of the Prime Minister of India that of skill, scale and speed.
  • HUDCO has completed 47 years of existence in providing housing and basic infrastructure across the country.
  • It addresses the shortage of housing and urban infrastructure deficiency.
  • HUDCO’s Mission Statement –to promote sustainable habitat development to enhance quality of life.Venkaiah Naidu inaugurates 47th Foundation Day of HUDCO
  • The main agenda of the Government of India is growth development and governance.
  • It is aimed towards sustainable urbanization for optimum use of space for housing and providing infrastructure facilities such as metros, airports, BRTs to the people.
  • Three HUDCO publications namely, HUDCO Darpan, Shelter and HUDCO Design Awards
  • The Centre and States have to effectively engage the private sector to achieve the mission of affordable housing for all by 2022.
  • To provide affordable housing to the unreached by financing 92% of its housing schemes to the Economically Weaker Section (EWS) and Low Income Groups (LIGs).
  • To focus of urbanization and to create innovative ideas through proper planning and disaster management preparedness by adopting best practices from all over the world.
  • It efforts in the provision of social housing and basic urban amenities in the country.
  • The Minister of State has given the awards to the best performing agencies, HUDCO Best Practices, Best Regional Offices, Long Service, and HUDCO Design Awards.

HUDCO :

The Housing and Urban Development Corporation Limited (HUDCO) is a government-owned corporation in India.

  • It is wholly owned by the Union Government and is under the administrative control of the Ministry of Housing and Urban Poverty Alleviation.
  • Headquarters New Delhi
  • Head: Dr. Medithi Ravi Kanth