2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ministry of Finance
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Ministry of Housing and Urban Affairs
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Ministry of Agriculture and Farmers Welfare
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Ministry of Rural Development
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Detailed explanation-1: -The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I is a social impact fund. The Fund is sponsored by the Ministry of Finance and is managed by SBICAP Ventures Ltd., a State Bank Group company.
Detailed explanation-2: -SBICAP Ventures Limited is the Investment Manager of the SWAMIH fund. b. In 2015, the central government launched the ‘Special Window for Funding Stalled Affordable and Middle-Income Housing Projects’ or ‘SWAMIH’ Scheme.
Detailed explanation-3: -On March 4, 2023, the SWAMIH Investment Fund became India’s largest social impact fund specifically formed for completing stressed and stalled residential projects. It has raised Rs 15, 530 crores so far. Until now, SWAMIH has approved about 130 projects with sanctions worth over Rs 12, 000 crores.
Detailed explanation-4: -The major benefit of the SWAMIH Fund is that construction workers will be employed, and associated sectors like steel and cement will also benefit. It will greatly enhance the country’s economic sentiment and banks’ and NBFCs’ portfolios.