Govt-backed SWAMIH Fund helped unlock 350,000 mn liquidity
ECONOMY & POLICY

Govt-backed SWAMIH Fund helped unlock 350,000 mn liquidity

According to a top executive of the fund, the government-backed and SBICAP Ventures-managed Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH) last-mile financing platform has helped unlock liquidity worth over 350,000 million by assisting the completion of stalled housing projects across the nation.

130 projects with sanctions totalling 125,000 million have received final approval through the finance ministry's 155,300 million fund to date. For the next three years, it plans to finish approximately 81,000 homes in 130 projects spanning 30 tier 1 and 2 cities, with 20,557 homes already completed.

In order to get the fund's total close to 155,300 million, the government recently stated its intention to contribute an extra 50,000 million. The extra commitment will allow the fund to keep reviewing agreements through December 2024.

According to a top executive of the fund, the government-backed and SBICAP Ventures-managed Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH) last-mile financing platform has helped unlock liquidity worth over 350,000 million by assisting the completion of stalled housing projects across the nation. 130 projects with sanctions totalling 125,000 million have received final approval through the finance ministry's 155,300 million fund to date. For the next three years, it plans to finish approximately 81,000 homes in 130 projects spanning 30 tier 1 and 2 cities, with 20,557 homes already completed. In order to get the fund's total close to 155,300 million, the government recently stated its intention to contribute an extra 50,000 million. The extra commitment will allow the fund to keep reviewing agreements through December 2024.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?