📷 Image: Wikimedia Commons / Ministry of Housing and Urban Poverty Alleviation
Business
HUDCO Offers Up to $10.5 Billion Loan for Bihar Infrastructure
✍️ The Economic Times
🗓 04 Jul 2026, 07:31 AM
👁 48
Housing and Urban Development Corporation (HUDCO) has agreed to provide a substantial loan facility of up to $10.50 billion to support infrastructure development projects in Bihar.
The Housing and Urban Development Corporation (HUDCO) is set to finance significant infrastructure development initiatives in the state of Bihar. The financial institution has committed to providing a loan facility amounting to as much as $10.50 billion.
This substantial financial backing is intended to bolster various infrastructure projects within Bihar, aiming to accelerate the state's development trajectory. The specific areas or types of projects to be funded are expected to be detailed as the agreement progresses.
The move by HUDCO signifies a major financial commitment towards enhancing Bihar's infrastructure, potentially impacting sectors such as housing, urban development, and other public amenities.
This substantial financial backing is intended to bolster various infrastructure projects within Bihar, aiming to accelerate the state's development trajectory. The specific areas or types of projects to be funded are expected to be detailed as the agreement progresses.
The move by HUDCO signifies a major financial commitment towards enhancing Bihar's infrastructure, potentially impacting sectors such as housing, urban development, and other public amenities.