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SWAMIH Fund 2.0
February 9 , 2025
10 hrs 0 min
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- Union has made a budgetary provision for second tranche of the Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund of Rs 15,000 crore.
- It aims to help in the completion of one lakh dwelling units.
- SWAMIH Fund is funded by the Ministry of Finance.
- It is created for the debt financing of the stressed and brownfield residential properties.
- The SWAMIH fund was established in 2019 and is managed by SBICAP Ventures Ltd, a State Bank Group company.
- Under the first tranche of the SWAMIH Fund, around Rs 15,500 crore have been raised so far.
- This amount will provide priority debt financing for the completion of stalled and Real Estate Regulatory Authority (RERA) registered residential projects falling in the affordable, mid-income housing categories.
- To get the funding, their net worth must be positive but require last-mile funding to ensure completion.
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