The Finance Ministry announced that a Government-sponsored Alternate Investment Fund (AIF) has been set up to extend last-mile funding to complete delayed residential projects. As much as Rs.229.72 bn has been approved for for 243 projects. It will allow the completion of 141,045 homes across the nation. The fund, installed under the Special Window for Affordable and Mid-Income Housing (SWAMIH), has granted a final nod to investments of Rs.97.43 bn in 99 projects, while a preliminary approval was accorded to 144 projects involving investments of Rs.132.29 bn. The SWAMIH fund has already completed over 1,500 residential units in the last six months.