The government of India has invested an additional Rs 5,000 crore into the SWAMIH Invest Fund-I to help the stressed realty investment platform achieve its final close at Rs 15,530 crore.

Special Window for Affordable and Mid-Income (SWAMIH)

In November 2019, the Union Finance Ministry announced creation of a Special Window for Affordable and Mid-Income Housing (SWAMIH) to provide debt financing for the completion of stressed, brownfield and residential projects registered with regulatory bodies that fall in the affordable, mid-income housing category.

The corpus of the Fund is Rs 12,500 crore with a green shoe option of Rs 12,500 crore. Green Shoe options means that if required an additional Rs 12,500 crore fund will be raised for the SWAMIH scheme. 

• The Sponsor of the Fund is the Secretary, Department of Economic Affairs, Ministry of Finance, and Government of India on behalf of the Government of India.
• The Investment Manager of the Fund is SBICAP Ventures Ltd which is owned by State Bank of India. 
• The major investors in the fund are Life Insurance Corporation of India (LIC), HDFC, and other major Public Sector Banks.