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Special Window for Affordable and Mid Income Housing (SWAMIH)

  • Posted By
    10Pointer
  • Categories
    Polity & Governance
  • Published
    29th Jul, 2020
  • Recently, 81 stressed housing projects approved under the Special Window for Affordable and Mid Income Housing (SWAMIH).
  • It will enable the completion of nearly 60,000 homes across India.
  • It was announced by the Finance Minister.
  • SWAMIH Investment Fund I have been formed to complete construction of stalled, brownfield, RERA registered residential developments that are in the affordable housing / mid-income category, are net worth positive and requires last-mile funding to complete construction.
  • The total corpus of INR 25000 Cr.
  • The Sponsor of the Fund is the Secretary, Department of Economic Affairs, Ministry of Finance, and Government of India on behalf of the Government of India.