Current context: The government has announced the clearance of Rs 540 crore in stalled residential properties on 14th Feb 2020.
a. Rs 32,000 crore
b. Rs 30,000 crore
c. Rs 27,500 crore
d. Rs 25,000 crore
- The investment will benefit 1,800 homebuyers and will unlock Rs 3000 Crore of invested capital.
- The Central government announced a Rs 25,000 crore fund in November 2019, to help complete over 1,500 stalled housing projects.
- The stalled housing projects include even those declared NPAs (non-performing assets) or admitted for insolvency proceedings.
- Only RERA-registered projects with the positive net worth will be provided funds under it.
- The Rs 25,000 crore special window fund is in form of alternative investment fund (AIF), which is being managed by SBI Caps.
- The Centre is infusing Rs 10,000 crore into this stress fund, while the remaining is being provided by state insurer LIC and SBI.
Question:
Q.1 The government of India has recently released Rs 540 crore as part of the special window fund of ______________, announced on November 2019 for stalled residential properties?a. Rs 32,000 crore
b. Rs 30,000 crore
c. Rs 27,500 crore
d. Rs 25,000 crore
