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Monday, 10 July 2017

Government-owned Housing and Urban Development Corporation (Hudco) is planning to revive its retail financing segment according to various market reports. The company is expected to seek the approval of its board in this regard and might even roll out the plan in the coming week.

Hudco had launched its retail finance segment in 1998 and recently expressed that it is planning to expand the portfolio across the nation, besides reviving the Hudco Niwas programme.

The company officials in an interaction with the media said that the company will be seeking board approval on the matter on Tuesday, July 11.

The company will be rolling out the retail finance programme as a pilot project at first before launching it officially. Whereas, under the revised Hudco Niwas programme, the company will also cover the credit linked subsidy scheme (CLSS).

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