Function

Function The Odisha Cooperative Housing Corporation Ltd., Bhubaneswar started its functioning in the year 1955 being the first housing organisation in the State and 2nd Apex Housing Cooperative in the Country The objective of the Corporation is to provide housing loan to the members through its affiliated House Building Primary Societies in Urban and Rural areas. To fulfill the above objectives the Corporation is availing loan from LLC HUDCO and State Govt.

The activities of the Corporation in fulfillment of the above stated objectives are furnished below:
Sl.No. MEMBERSHIP AS ON 31.03.10  
1. Category  
(a) Primary HBCS 106
(b) Corporate Bodies & Other Institutions 16
(c) Associate members 5165
(d) State Government 1
Total 5288

Share Capital The authorized capital of the Corporation is Rs. 25.00 Crores. The position of paid up share capital is Rs. 544.23 lakhs as on 31.03.10 out of which Govt. share capital contribution is Rs. 253.52 lakhs constituting of 47%.

Borrowing The authorized capital of the Corporation is Rs. 25.00 Crores. The position of paid up share capital is Rs. 544.23 lakhs as on 31.03.10 out of which Govt. share capital contribution is Rs. 253.52 lakhs constituting of 47%The Odisha Co-operative Housing Corporation Ltd. has so far borrowed Rs.10293 84 lakhs from State Govt, and different National Financing Agencies and its balance position as on 31.03.10 is detailed here under.

(Rs. in Lakhs)
Sl.No. Source Borrowing Repayment Balance
a) L.I.C. of India 8980.00 4766.37 4213.63
b) State Govt. 313.84 313.84 0
c) HUDCO 1000.00 115.91 884.09
  Total 10293.84 5156.12 5097.72
N.B.:- As per O.T.S. negotiation the L.I.C. of India, Mumbai has been pleased to allow O.C.H.C. for payment of rs. 24.00 Crores in principal subject to payment of Rs. 6.48 Crores by 31.10.07, and Rs. 6.48 Crores by 31.01.08 and rest Rs. 11.04 Crores by 31.01.2010 and in the mean time the O.C.H.C. has paid 1st dose of Rs. 6.48 Crores on 31.10.07 & subsequently paid the 2nd dose of Rs. 648.00 lakhs and Rs. 0.50 lakhs on 21.06.10 against final dose of Rs. 11.04 corres. Besides this Rs. 100.00 lakhs have been paid to HUDCO under Credit-cum-Subsidy Scheme as per direction of Hon’ble High Court.

Investment The Odisha Co-operative Housing Corporation Ltd. Has so far invested Rs. 10218.34 lakhs for construction of dwelling houses both in Urban and Rural areas of the State in favour of 30032 beneficiaries all over the state as detailed hereunder as on 31.03.10.
(Rs. in Lakhs)
SCHEME No.of beneficiaries Amount
L.I.C. 14144 8694.87
Govt. 7387 277.00
HUDCO 8501 1246.47
TOTAL 30032 10218.34

Dr. Damodara Rout
Hon'ble Minister,Cooperation & Excise



Shri Manoj Ahuja,
I.A.S., Principal Secretary,Co-operation



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Success Story

Co-operation Department remained part of one of the development Department. It functioned under the Co-operation...