CURRENT AFFAIRS

Detailed explanation-1: -Who is the fund manager for SWAMIH Fund? Notes: SWAMIH Fund is an Alternative Investment Fund, which has been formed by the Government of India, to provide Debt financing to complete the stalled housing projects in India. SBICap Ventures Ltd has been appointed as the fund manager.

Detailed explanation-2: -The estate projects that apply for SWAMIH last-mile assistance must be RERA-registered and have been stopped owing to a lack of sufficient funds. They must also fall into the category of ‘Affordable and Middle-Income Projects. ‘ SWAMIH Funding is also available for initiatives with a positive net worth.

Detailed explanation-3: -Alternative Investment Fund or AIF means any fund established or incorporated in India, which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors.

Detailed explanation-4: -SWAMIH investment fund, a ‘Special Window for Completion of Affordable and Mid-Income Housing’ has been created by the Government of India in order to give relief to homebuyers of stalled projects.