Question : DISBURSEMENT OF LOAN BY HUDCO

(a) whether the role of the Housing & Urban Development Corporation Ltd. (HUDCO) is greatly reduced in the disbursement of loans to various sections of the community in the last few years after the entry of banks and financial institutions in providing housing loans;

(b) if so, the details of housing loans granted by the HUDCO during each of the last three years and likely to be granted during the current year alongwith the recoveries made with interest;

(c) whether the procedure of loan formalities in the HUDCO is so cumbersome in comparison to market players; and

(d) if so, the action taken by the HUDCO to simplify the procedure?

Answer given by the minister

THE MINISTER OF HOUSING & URBAN POVERTY ALLEVIATION (KUMARI SELJA)

(a): Yes, Madam. There has been a marginal decline in disbursement of housing loan by Housing & Urban Development Corporation Ltd. (HUDCO).

(b): The sanction & Disbursement in Housing during the last 3 years is as follows:


Rs. in crore
Year	Sanctions	Disbursement
2007-08	2152	854
2008-09	1633	842
2009-10	2717	802

HUDCO has been assigned a target of housing loans to the tune of Rs.4950 crores and disbursements of Rs. 1733 crore under the Memorandum of Understanding (targets at level-III) signed with the Ministry.

Details of recoveries made during the last three years in respect of Housing Loans is as follows:


Rs. in crore
Year	Principal	Interest	Total
2007-08	1177.37	733.01	1910.38
2008-09	1279.28	811.93	2091.21
2009-10	1332.12	648.11	1980.23#

# Figures indicated for the Financial year 2009-10 are provisional & unaudited.

(c) & (d): No, Madam. HUDCO periodically undertakes revisions/improvements in its operational procedures in line with the market players. HUDCO has also consolidated various guidelines and procedures in the form of Master Circulars thereby eliminating the redundant circulars, facilitating simplification of procedures substantially.

Question : DISBURSEMENT OF LOAN BY HUDCO

Answer given by the minister

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