Govt. Announced Rs 540 Cr for Stalled Housing Projects

Published on February 15, 2020
Current context: The government has announced the clearance of Rs 540 crore in stalled residential properties on 14th Feb 2020.
Govt. Announced Rs 540 Cr for Stalled Housing Projects 
  • 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

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