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GOVERNMENT SWAMIH FUND IS BEGINNING TO DELIVER ON STALLED HOUSING PROJECTS

GOVERNMENT  SWAMIH FUND IS BEGINNING TO DELIVER ON STALLED HOUSING PROJECTS

Context

The SWAMIH Fund will deliver its first finished apartments in the year 2021. It was created to complete the stalled housing projects.

About SWAMIH

  • SWAMIH Investment Fund has been formed to complete construction of stalled, RERA-registered affordable and mid-income category housing projects which are stuck due to paucity of funds.
  • The fund was set up as a Category-II AIF (Alternate Investment Fund) debt fund registered with SEBI.
  • The Investment Manager of the Fundis SBICAP Ventures, a wholly-owned subsidiary of SBI Capital Markets, which in turn is a wholly-owned subsidiary of the State Bank of India.
  • The Sponsor of the Fundis the Secretary, Department of Economic Affairs, Ministry of Finance, Government of India on behalf of the Government of India.

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