SWAMIH Fund-2 is a
(a) scheme for providing loans to the non-corporate, non-farm small/micro enterprises for self-employment.
(b) funding mechanism for the National Pension Scheme aimed at self sustenance after retirement.
(c) financing facility for agricultural infrastructure projects at farm-gate and aggregation points for farmers.
(d) fund aimed at completion of stalled dwelling units on Public-Private Partnership model.
Explanation
SWAMIH (Special Window for Affordable and Mid-Income Housing) Fund-2 is an extension of SWAMIH Fund-1, which completed the construction of 50,000 dwelling units in stressed or stalled housing projects across India. SWAMIH Fund-2 was announced in the Union Budget 2025-26 with a budget of ₹15000 crore for completion of 1 lakh additional units, with contributions from the Government, banks and private investors.
SWAMIH Fund-1 aimed to provide priority debt financing for the completion of stressed, brownfield and Real Estate Regulatory Authority (RERA) registered residential projects that fall in the affordable, mid-income housing category.
Since the fund considers first-time developers, established developers with troubled projects, developers with a poor track record of stalled projects, customer complaints and NPA accounts, and even projects where there are litigation issues, it is considered as the lender of last resort for distressed projects.
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