- This capital infusion of INR 5,000 Cr by the GOI brought the ultimate value of the SWAMIH Investment Fund I to INR 15,530 Cr.
- It was established under the Special Window for Affordable and Mid-Income Housing (SWAMIH).
- The primary objective of this initiative is to fund stressed and stuck projects and assist homebuyers across India.
- The fund under this initiative is managed by SBICAP Ventures Ltd (SVL) and the LIC and SBI are its anchor investors.
- It has planned to build 20,000 homes per annum for the next three years.
- SVL was established in 1986 with its headquarters in Mumbai. The current MD & CEO of the company is Suresh Kozhikote.
Question:
Q.1 How much amount was recently infused by the GOI in the SWAMIH Investment Fund I?a. INR 2,000 Cr
b. INR 3,000 Cr
c. INR 4,000 Cr
d. INR 5,000 Cr
