The Special Window for Affordable & Mid Income Housing (SWAMIH) Fund has been established to offer relief to homeowners affected by stalled housing projects. To date, the fund has sanctioned 135 projects, representing an investment of Rs 13,191 crore. These sanctioned projects are expected to benefit a total of 86,777 home units, aiming to unblock and complete housing developments.
As a part of #AatmaNirbharBharat Abhiyaan additional borrowing limit of up to 2% of Gross State Domestic Product (GSDP) was allowed to the States for the year 2020-21, equivalent to Rs. 4,27,302 crore.
Scheme for Special Assistance to States for Capital Expenditure approved
Special assistance has been provided to State Govts in form of 50-year interest free loan up to an overall sum not exceeding Rs. 12,000 cr. Rs 9880 cr already approved to 27 States
Special window for borrowin
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FAQ :
The SWAMIH Fund is a special window created to provide relief to homeowners by clearing stalled affordable and mid-income housing projects.
The SWAMIH Fund has sanctioned 135 projects so far.
The total investment in the sanctioned projects amounts to Rs 13,191 crore.
A total of 86,777 home units are expected to benefit from the sanctioned projects.
The main goal of the SWAMIH Fund is to provide relief to homeowners by unblocking and completing stalled affordable and mid-income housing projects.