Maharashtra Cabinet Clears ₹2,000 Crore HUDCO Loan for Urban Infrastructure Works

The Maharashtra cabinet on Tuesday cleared a proposal to raise ₹2,000 crore from the Housing and Urban Development Corporation Ltd (HUDCO), as per news reports. The money will be taken under the Urban Infrastructure Development Loan Scheme to provide financial support to municipal bodies for ongoing infrastructure projects.

Project Allocations

Of the sanctioned amount, Chhatrapati Sambhajinagar Municipal Corporation will access ₹822.22 crore for a water supply project. The Nagpur Metropolitan Region Development Authority has been allocated ₹268.84 crore for 4 sewage treatment plants. Mira-Bhayandar Municipal Corporation will receive ₹116.28 crore for a water supply project.

Scheme Support

The loan is aimed at ensuring the continuity of projects under central and state programmes. These include Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0, Swachh Bharat Mission 2.0, and the Maharashtra Suvarna Jayanti Nagarothhan Maha Abhiyan. The decision is expected to prevent delays in work caused by a shortage of funds.

Irrigation Project Repairs

The cabinet also approved repair works for two old irrigation projects in Akola district’s Murtizapur taluka. The Ghongha micro-irrigation project, completed in 1986, has been sanctioned ₹4.76 crore for repairs. The work is expected to increase storage capacity by 35,000 cubic metres and add 45 hectares of irrigation potential. 

The Kanadi micro-irrigation project, completed in 1977, will undergo repairs worth ₹4.92 crore. The plan will add 38,000 cubic metres of storage and extend irrigation capacity by 46 hectares.

Read More: HUDCO Signs MoU with NMRDA for ₹11,300 Crore Funding Support!

Land Allotment

In another decision, 4 hectares of government grazing land at Asudgaon in Panvel taluka of Raigad district were allotted to the Subsidiary Intelligence Bureau under the Union Home Ministry. The land will be transferred at 50% of the ready reckoner rate under Occupant Class-2 and will be used for residential quarters for the agency’s Mumbai division staff.

HUDCO Share Price Performance

As of September 10, 2025, 09:55 AM, HUDCO share price was trading at ₹217.90, a 0.95% increase from the previous closing price.

Conclusion

The cabinet approvals cover urban infrastructure funding, irrigation project repairs, and land allotment, marking a set of decisions across different sectors.

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