Cooperative Housing Sector

The Odisha Co-operative Housing Corporation (OCHC) Ltd., Bhubaneswar established in 1955, was the first housing organisation in the State and the second Apex Housing Co-operative Society in the country. The objective of the Corporation is to provide housing loans to the Members through its affiliated House Building Primary Societies in the urban as well as the rural areas. For this purpose, OCHC is availing of loans from the L.I.C., HUDCO and the State Govt.

Housing Cooperative sector has a two tier structure with Odisha Coop. Housing Corporation at the apex and 103 Primary House Building Cooperative Societies. These societies provide long term loan to members for construction and purchase of residential houses, flats and core houses. With the loan assistance of these societies, 20323 housing units have been constructed by the members and assets have been created. Besides the Odisha Coop. Housing Corporation was entrusted with the responsibility for implementation of credit cum subsidy scheme of Panchayat Raj Deptt. Under this scheme loan of Rs 40,000,00/- has been given to each identified beneficiary for construction of low cost house. Subsidy of Rs 10,000,00 is provided after completion of construction in phases, Rs 5,000,00 each after construction up to plinth level and Rs 10,000.00/- after root level. Loan assistance or Rs 12.46 crores has been provided to 8501beneficiaries, out of which 6208 housing units have been completed.