|M Ravi Kanth, CMD HUDCO, receiving ‘Rajbhasha Kirti Puraskar’|
2017’, from the President on Hindi Diwas.
in Vigyan Bhawan by Department of Official Language, Ministry of Home Affairs. Home Minister Rajnath Singh, his junior Minister Kiren Rijiju were also present. This Award was received by PFC for Fourth Time in a row for excellent contribution made by it for implementation of Official Language. Dr. M Ravi Kanth, CMD HUDCO, received ‘Rajbhasha Kirti Puraskar’ 2017’, from the Hon’ble President of India, on Hindi Diwas. HUDCO received the award under the CPSE category, for its contribution in promoting the use of Hindi as official language.
PFC is under the administrative control of the Ministry of Power. PFC, a Navratna CPSE, was classified as an Infrastructure Finance Company by the RBI on 28th July, 2010. PFC plays a crucial role in the rise of India as a global player. Increasingly, a country's development is gauged by measuring its energy usage. With a large fraction of our nation still, unfortunately, without any access to electricity, PFC will become an increasingly important factor in the years to come.
On the other hand, HUDCO is a wholly-owned PSU providing loans for housing and urban infrastructure projects in the country. A Miniratna PSU, HUDCO is under the administrative control of Ministry of Housing and Urban Affairs.
The Yamuna Expressway Industrial Development Authority board on September 18 said it has received an in-principal approval from Central government agencies— Housing and Urban Development Corporation Limited (HUDCO) and NCR Planning Board (NCRPB)—for a loan towards the international airport project in Jewar. HUDCO has agreed to give the entire loan of Rs 3,000 crore at an interest rate of Rs 10.5 percent. The proposal has now been forwarded to the Uttar Pradesh government for final approval.