A government-sponsored alternate funding fund (AIF), set as much as lengthen last-mile funding to finish caught housing initiatives, has sanctioned as a lot as Rs 22,972 crore for 243 initiatives, the Finance Ministry stated Friday. This will allow completion of 1,41,045 homes throughout the nation.
The fund, arrange below the Special Window for Affordable and Mid Income Housing (SWAMIH), has accorded remaining approval to investments of Rs 9,743 crore in 99 initiatives, whereas preliminary nod was granted to 144 initiatives involving investments of Rs 13,229 crore. The SWAMIH fund has already accomplished greater than 1,500 housing items up to now six months, the ministry stated on its Twitter deal with. FE
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