The government has put in an additional Rs 5,000 crore into the SWAMIH Invest Fund-I to help the stressed realty investment platform achieve its final close at Rs 15,530 crore. The fund set up under the Special Window for Affordable and Mid-Income Housing is India’s largest social impact fund, which said the government recently infused Rs 5,000 crore.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
It intends to provide priority debt financing for the completion of stressed, brownfield and residential projects registered with regulatory bodies that fall in the affordable, mid-income housing category.
The country’s largest lender SBI is one of the anchor investors of the Ministry of Finance-sponsored fund along with Life Insurance Corporation of India (LIC), Other investors include HDFC Ltd and major nationalised banks. The Investment Manager of the Fund is SBICAP Ventures Ltd which is owned by State Bank of India.
The fund has given final approvals to 127 projects which will in turn complete over 79,000 homes, it said, adding that 286 projects across over 30 cities, which entail construction of over 1 lakh homes are being evaluated at present.
The final close comes three years after the fund had marked its first close on receiving Rs 10,037.5 crore in commitments, including Rs 5,000 crore from the government, in December 2019.
Find More News Related to Schemes & Committees
On 16th October 2026, the Union government has recreated the Financial Services Institutions Bureau (FSIB),…
The private defence sector in India is currently designing technology in a bid to address…
ISRO successfully carried out a series of CM-SM separation tests of its upcoming Gaganyaan human…
The World Health Summit 2026 was held in Berlin, Germany, with the new funding pledges,…
On October 16th 2026, the Ministry of External Affairs (MEA) has appointed Sudhakar Dalela as…
India’s Assam Regiment has bagged a gold medal in Exercise Cambrian Patrol 2026, an international…