Question
SWAMIH Fund has played an instrumental role in providing affordable homes to many. It has clocked 20000 mark since inception. What does the “W” stand for in SWAMIH?
Solution
The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I is India’s largest social impact fund specifically formed for completing stressed and stalled residential projects. The Fund is sponsored by the Ministry of Finance, Government of India, and is managed by SBICAP Ventures Ltd., a State Bank Group company. The Fund has no precedent or comparable peer fund in India or in the global markets.
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