The government has said that the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund has generated over 36,000 skilled and unskilled jobs, underscoring its role in reviving stalled housing projects and supporting employment.
About SWAMIH Investment Fund
Launched in November 2019, SWAMIH is a government-backed initiative aimed at providing last-mile financing to stalled affordable and mid-income housing projects.
- Financial support: Department of Economic Affairs (DEA), Ministry of Finance
- Objective: Completion of distressed residential projects and protection of homebuyers’ interests
Social Impact Investment Model
The fund is managed by SBI Ventures Limited, a subsidiary of the State Bank of India.
- Operates as a social impact investment platform
- Supports projects affected by legal challenges, NPAs, and weak developer balance sheets
Budget 2025–26 Announcement: SWAMIH Fund-2
In the Union Budget 2025–26, the Finance Minister announced the creation of SWAMIH Fund-2.
- Size: ₹15,000 crore
- Structure: Blended finance facility with contributions from the government, banks and private investors
- Target: Completion of 1 lakh additional housing units
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