30 General Knowledge questions related to HUDCO (Housing and Urban Development Corporation):

30 General Knowledge questions related to HUDCO (Housing and Urban Development Corporation):

1. Q: What does HUDCO stand for?

   • A: Housing and Urban Development Corporation.

2. Q: When was HUDCO established?

   • A: 1970.

3. Q: Under which ministry does HUDCO operate?

   • A: Ministry of Housing and Urban Affairs.

4. Q: What is the primary objective of HUDCO?

   • A: To provide long-term finance for housing and urban infrastructure development.

5. Q: In which year did HUDCO become a listed company on Indian stock exchanges?

   • A: 2017.

6. Q: What kind of services does HUDCO provide?

   • A: Financing for housing, urban infrastructure projects, and slum rehabilitation.

7. Q: What is the full form of HUDCO Niwas?

   • A: HUDCO Niwas is a housing loan scheme for individuals by HUDCO.

8. Q: What is HUDCO’s contribution towards affordable housing?

   • A: HUDCO provides financial assistance for the construction of affordable housing for low and middle-income groups.

9. Q: What type of projects does HUDCO finance under urban infrastructure?

   • A: Water supply, sanitation, drainage, roads, and transport projects.

10. Q: How does HUDCO contribute to the Pradhan Mantri Awas Yojana (PMAY)?

    • A: HUDCO provides financial assistance for affordable housing projects under PMAY.

11. Q: What is HUDCO's role in slum rehabilitation?

    • A: HUDCO provides finance for slum redevelopment and in-situ rehabilitation.

12. Q: Is HUDCO a government-owned company?

    • A: Yes, it is a public sector enterprise.

13. Q: What is HUDCO’s focus area in rural development?

    • A: Providing housing finance for rural housing and infrastructure projects.

14. Q: Can individuals apply for housing loans from HUDCO?

    • A: Yes, individuals can apply for housing loans under HUDCO Niwas.

15. Q: What is HUDCO's contribution to sustainable urban development?

    • A: HUDCO promotes environmentally sustainable urban development by financing green and smart infrastructure projects.

16. Q: What is HUDCO’s role in financing social infrastructure?

    • A: HUDCO finances projects such as healthcare, education, and community facilities.

17. Q: What is HUDCO's corporate social responsibility (CSR) initiative?

    • A: HUDCO's CSR activities include initiatives related to affordable housing, urban development, sanitation, and education.

18. Q: What is the tenure of loans provided by HUDCO for urban infrastructure?

    • A: HUDCO provides long-term loans, typically up to 20-25 years.

19. Q: Does HUDCO provide finance for projects in both urban and rural areas?

    • A: Yes, HUDCO finances housing and infrastructure projects in both urban and rural areas.

20. Q: What is HUDCO’s contribution to the Smart Cities Mission?

    • A: HUDCO provides financial assistance to smart city projects, focusing on urban infrastructure development.

21. Q: What is HUDCO’s approach to disaster rehabilitation?

    • A: HUDCO finances housing and infrastructure projects for disaster rehabilitation and reconstruction.

22. Q: What percentage of HUDCO’s loans must be allocated for economically weaker sections (EWS) and low-income groups (LIG)?

    • A: At least 55% of HUDCO's lending must be towards EWS and LIG housing.

23. Q: Does HUDCO finance public-private partnerships (PPP) in housing and urban infrastructure projects?

    • A: Yes, HUDCO supports PPP models for urban development.

24. Q: What is HUDCO's role in Swachh Bharat Mission?

    • A: HUDCO provides financial assistance for urban sanitation projects under the Swachh Bharat Mission.

25. Q: How many states and union territories does HUDCO operate in?

    • A: HUDCO operates across all states and union territories in India.

26. Q: What is the eligibility criterion for applying for a HUDCO Niwas loan?

    • A: Indian citizens with regular income, including salaried employees and self-employed individuals, are eligible for HUDCO Niwas loans.

27. Q: What are the types of housing projects HUDCO finances?

    • A: HUDCO finances EWS, LIG, MIG, and HIG housing projects.

28. Q: What interest rates does HUDCO offer for urban infrastructure financing?

    • A: Interest rates vary based on the project and borrower profile, typically lower for government entities.

29. Q: Does HUDCO offer refinancing facilities to other financial institutions?

    • A: Yes, HUDCO offers refinancing to state-level financial institutions and cooperative banks.