SchemesMonday, 27 April 2026·https://testbook.com/current-affairs/27-april-2026-daily-current-affairs
HUDCO marks 56th Foundation Day with UiWIN and Urban Challenge Fund in April 2026
HUDCO celebrated its 56th Foundation Day and launched new urban finance initiatives under MoHUA in April 2026.
Key highlights
Direct fact
On 25 April 2026, Housing and Urban Development Corporation Ltd. (HUDCO) celebrated its 56th Foundation Day, called Sankalp Diwas, and unveiled the Urban Invest Window (UiWIN) Technical Assistance Framework and the Urban Challenge Fund (UCF).
Key specifics
- HUDCO was established in 1970 and functions as a Navratna CPSE.
- HUDCO works under the administrative control of the Ministry of Housing and Urban Affairs (MoHUA).
- UiWIN is designed to help Urban Local Bodies identify bankable projects and develop revenue-generating infrastructure.
- HUDCO reported nearly ₹1,65,000 crore in sanctions and about ₹52,000 crore in disbursements during FY 2025-26.
- It was highlighted that over 50% of India’s population is projected to live in urban cities by 2050.
Exam lens
TNPSC may ask institution, ministry, and financial figures: HUDCO, 1970, Navratna CPSE, ₹1,65,000 crore, ₹52,000 crore, and 2050 urbanisation projection.