Govt infuses Rs 5,000 cr in SWAMIH Fund; final close at Rs 15,530 cr for stressed realty projects platform

Updated: Dec 8 2022 2:18PM

Mumbai, Dec 8 (PTI) 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, its manager SBI Capital Ventures said on Thursday.

The fund set up under the Special Window for Affordable and Mid-Income Housing is India's largest social impact fund, according to a statement, which said the government recently infused Rs 5,000 crore.

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.