Government Schemes

The residential project – ‘Rivali Park’, situated in suburban Mumbai, was thefirst housing project in the country to have received funding under the government’sSWAMIH Fund.

·        SWAMIH(Special Window for Affordable and Mid-Income Housing) InvestmentFund has been formed to complete construction of stalled, RERA-registeredaffordable and mid-income category housing projects which are stuck due to paucityof funds.

·        The fund was set up as a Category-II AIF (Alternate Investment Fund) debt fundregistered with SEBI.

·        The Investment Manager of the Fundis SBICAP Ventures, a wholly-ownedsubsidiary of SBI Capital Markets, which in turn is a wholly-owned subsidiary of theState Bank of India.

·        The Sponsor of the Fundis the Secretary, Department of Economic Affairs, Ministryof Finance, Government of India on behalf of the Government of India.

Who will be the investors of the fund?

·        AIFs created/funded under the Special Window would solicit investment into thefund from the Government and other private investors including cash-rich financialinstitutions, sovereign wealth funds, public and private banks, domestic pension andprovident funds, global pension funds and other institutional investors.