Benefits of the Swamih Fund
In the Union Budget 2025-26, Honourable FM Nirmala Sitharaman announced an allocation of 15,000 crores for Swamih Fund 2. However, we found that many people do not fully understand what this fund is used for and why the government has allocated money under this scheme.
In this blog, we will discuss what the Swamih Fund is, why it is important, how it benefits homebuyers, and why it matters. Let’s dive in.
What is the Swamih Fund?
The Swamih Fund (Special Window for Affordable and Mid-Income Housing) is a government scheme aimed at supporting stalled affordable and mid-income housing projects. The fund was first introduced in 2019 and is managed by SBICAP Ventures Ltd, a State Bank Group company.
Key Data:
• Fund target corpus: 12,500 crore
• Final close commitment: 15,530 crore
• Sponsor: Secretary, Department of Economic Affairs
• 30+ investment professionals
• 50,000+ homes delivered (as of January 2025)
• 20,000 homes planned annually
When are funds released under the Swamih Fund Scheme?
The funds under this scheme are released for projects that are nearly completed but have been delayed due to financial constraints. These projects are prioritized for debt financing, which means they receive funds on a priority basis to complete the project quickly and hand over the keys to homebuyers.
Who is the investment manager for the Swamih Fund?
SBICAP Ventures Ltd, a State Bank Group company, serves as the investment manager for the fund. They are responsible for fundraising, making investments, and managing the fund.
Swamih Fund 2: Union Budget 2025-26
Under the Special Window for Affordable and Mid-Income Housing (SWAMIH), 50,000 homes in delayed housing projects have been completed, and keys have been handed over to buyers. Another 40,000 homes are set to be completed in 2025, benefiting middle-class families who have been paying both home loan EMIs and rent.
Building on this success, our honourable FM, while presenting the interim Union Budget 2025-26, announced a new SWAMIH Fund 2 will be created with money from the government, banks, and private investors. This 15,000 crore fund aims to complete another 100,000 homes quickly.
SWAMIH Fund Approved Projects:
• Amrapali Group Projects
• Rivali Park
• Asset Precious
• Lodha Upper Thane
• Pyramid Urban
• Gem Paradise
• SS Leaf
• Elite Acres
• MK Gabino
• Zen Residences
• The Marquise
• Newa Bhakti Park
• Upper East 97
• Windspace Amelio
• Flora Avenue
• The Kalpak Homes
• Mantri Serenity
• Naman Premier
• Paranjape Blueridge
• Taruchaya Residency
For more information, you can visit SWAMIH Fund official Website: https://sbiventures.co.in
The fund helps distressed housing projects by providing loans to complete them. It targets affordable and mid-income housing, aiming to finish these projects quickly. It is considered a “lender of last resort” for troubled projects.
Experts believe that SWAMIH Fund-2 will help many more homebuyers and give a boost to the real estate market, making it more stable and supporting continued growth in the industry.
Disclaimer: The data presented here is derived from the internet and various news and government portals. We are not responsible for any misinformation or misinterpretation of the data. For any official confirmation, please verify through government sources.
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