SWAMIH-2 Fund: ₹15,000 Crore for Stalled Housing Projects
Why in the news
Officials said the Centre will shortly put the ₹15,000 crore SWAMIH-2 Fund into operation, to help finish housing projects that are stuck and bring relief to buyers.
Key facts
| Item | Detail |
|---|---|
| Full form | Special Window for Affordable and Mid-Income Housing – 2 |
| Size | ₹15,000 crore |
| Type | Government-backed fund |
| Purpose | Last-mile money for projects stuck near completion |
| Beneficiaries | About 1,00,000 middle-class homebuyers |
How it helps
- Rebuilds confidence in the housing market.
- Funds only viable but stalled projects.
- Money is to be used only for construction.
- Helps complete projects so homes are delivered.
Background
Many buyers keep paying EMIs on housing loans even though their homes remain unfinished, which is the problem this fund targets.
Exam angle
- Fund size: ₹15,000 crore.
- Expansion of SWAMIH: Special Window for Affordable and Mid-Income Housing.
- Focus: stalled housing projects.