SWAMIH Fund makes final closure at Rs.15,530-Cr

The government has put in an additional INR 5,000 crore into the SWAMIH Invest Fund-I to help the stressed realty focused investment platform achieve its final close at INR 15,530 crore. The fund set up under the Special Window for Affordable and Mid-Income Housing is managed by SBI Capital Ventures. State Bank of India is one of the anchor investors of the along with Life Insurance Corporation of India (LIC), Other investors include HDFC Ltd and major public sector banks The fund had marked its first close in December 2019 on receiving INR 10,037.5 crore in commitments, including INR 5,000 crore from the government. So far, the fund has given final approvals to 127 projects which will in turn complete over 79,000 homes