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Housing / Loans / Hudco Niwas

NRI...........

Introduction:

For Non-Resident Indians (NRI's)
"HUDCO NIWAS"  offers loan assistance to NRI's  to

  • Construct  a house
  • Buy a house or flat
  • Purchase of plot .
Under the Foreign Exchange Management Act of 1999, Non-Resident Indians are:
  1. Non-Resident Indian Nationals (i.e. Indian passport holder only) who stay abroad for employment or for carrying on business or vocation outside India or for any other purpose in circumstances indicating an indefinite period of stay abroad,
                                                                              OR

  2. Government servants who are posted abroad on duty with Indian missions and similar other agencies set up abroad by the Government of India where the officials draw their salaries out of Government resources,
                                                                              OR

  3. Government servants deputed abroad on assignments with foreign Governments or regional/international agencies like the World Bank, International Monetary Fund (IMF),   World Health Organization (WHO),
                                                                              OR

  4. Officials of the State Governments and public sector undertaking deputed abroad on temporary assignments or posted to their branches or offices abroad.

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