SWAMIH Fund

WHY IN NEWS? The government of India’s SWAMIH (Special Window for Affordable & Mid-Income Housing) Fund has completed its first residential project in Mumbai. About SWAMIH Fund: SWAMIH Fund is a government-backed investment fund set up in the year 2019. Purpose: The fund was formed to provide relief to developers that require funding to complete a set of unfinished projects. Consequently, it will also ensure the delivery of homes to the home-buyers. Type: The fund has been set up as a Category-II AIF (Alternate Investment Fund) debt fund registered with SEBI. Investment manager:The Investment Manager of the Fund is SBICAP Ventures, a....Read More