(a) whether the Ministry has received a request from the Government of Kerala to resume the lending by HUDCO to the State Government;
(b) if so, whether the request has been agreed to; and
(c) if not, the hindrance in resuming the lending?
(a) whether the Ministry has received a request from the Government of Kerala to resume the lending by HUDCO to the State Government;
(b) if so, whether the request has been agreed to; and
(c) if not, the hindrance in resuming the lending?
MINISTER OF STATE IN THE MINISTRY OF URBAN DEVELOPMENT & POVERTY ALLEVIATION ( SHRI BANDARU DATTATREYA )
(a): Yes, Sir.
(b)&(c): Board of Directors of Housing & Urban Development
Corporation Ltd. (HUDCO) has approved release of Rs.24.99 crore
to three agencies in relaxation of HUDCO norms applicable for
agencies where defaults in respect of loans covered by
Government guarantee are in excess of the stipulated limit.
However, loan release in respect of Kerala State Housing Board
(KSHB) could not be made as it requires approval of National
Housing Bank (NHB) for relaxation in prudential norms for
exposure to a single borrower.