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Under the Special Window for Affordable and Mid-Income Housing (SWMIH), the FM announced 50,000 dwelling units in stressed housing projects have been completed and another 40,000 units will be completed in 2025.
This step is set to further help the middle class families who are paying EMIs on loans taken for apartments; while also paying rent for their current dwellings.
The SWMIH Fund 2 will be established as a blended finance facility with contribution from the government, banks, and private investors. The fund of Rs 15 thousand crores will aim for expeditious completion of another 1 lakh units.
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