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An alternative housing finance fund of ₹25,000 crore sanctioned by FM Nirmala Sitharaman along with SBI and LIC was created for which purpose?

1. Housing Projects for Poor
2. Smart City Development
3. Urban Housing Development
4. Unfinished Projects Completion

Correct answer: Unfinished Projects Completion

Solution

The Government of India in 2019 announced the SWAMIH Investment Fund (Special Window for Affordable and Mid-Income Housing) worth ₹25,000 crore, backed by SBICAP Ventures, to complete last-mile funding for stressed and unfinished housing projects.

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