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Yogi Govt seeks Rs 13,600 cr loan from Centre's HUDCO for

Press Trust of India  |  New Delhi 

The has sought a loan of Rs 13,600 crore from the Housing and Urban Development Corporation (HUDCO) for developing infrastructure in

Minister Rajesh Agarwal today Union Housing and Urban Poverty Alleviation (HUPA) Minister and handed over a letter from Chief Minister Yogi Adityanath, seeking the loan, an official release said

The chief minister sought Rs 2,600 crore loan for roads, Rs 1,000 crore for bridges, Rs 2,500 crore for greenfield express-way between and Ballia, Rs 3,000 crore for housing under Pradhan Mantri Awas (PMAY-Gramin) and Rs 1,000 crore for PMAY-Urban, among others.

Naidu asked officials of the HUDCO, which functions under the Housing and Urban Poverty Alleviation (HUPA) ministry, to deal with the proposal expeditiously.

A Rs 7,000 crore loan is likely to be sanctioned soon to start with, the release said.

Naidu also asked the state-run NBCC to send a team to to explore the possibility of revenue generation for the state through monetisation of land at different places.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 13 2017. 21:22 IST