New Delhi, Aug 21 (SocialNews.XYZ) The Special Window for Affordable and Mid Income Housing (SWAMIH) has sanctioned Rs 10,300 crore so far to complete 101 stalled housing projects.
In a tweet on Friday, the Finance Ministry said that out of the 101 projects, final approval has been given to 22 projects with an investment of Rs 3,472 crore.
"Special Window for Affordable & Mid Income Housing Fund (SWAMIH) is working at a fast pace to provide relief to homeowners. As on 20.08.2020, 22 projects with investment of Rs 3,472 Cr accorded final approval & will lead to completion of 20,380 home units," it said.
The amount sanctioned as last mile funding for completion of 101 projects is likely to provide relief to 71,559 distressed home buyers.
Another tweet said that so far seven sites have activated construction plans with material and manpower.
The fund with a total corpus of Rs 25,000 crore was created last year to help the last mile funding of stalled housing projects, with the government infusing Rs 10,000 crore.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
