SWAMIH Investment Fund: Year Ender 2025 Progress

Syllabus: Investment Models; Housing Infrastructure

Ministry of Finance

Why in news?

The SWAMIH (Special Window for Affordable and Mid-Income Housing) Investment Fund completed its first investment period on December 5, 2025, reaching full corpus commitment.

⚛️Static Concepts

RERA (Real Estate Regulatory Authority)Alternative Investment Funds (AIFs)Priority Sector Lending

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Prelims-Oriented Points

Mandate: Provides 'last-mile' financing for stalled, RERA-registered, affordable, and mid-income housing projects.
Management: Managed by SBI Ventures Limited (subsidiary of SBI).
SWAMIH-2: Announced in Budget 2025-26 with a ₹15,000 crore corpus as a 'blended finance' facility.
Achievement: Delivered ~61,000 homes across 110 projects till December 2025.

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Examiner's Trap: SWAMIH is NOT a grant; it is a priority debt financing fund where capital is expected to be returned (50% already returned by Dec 2025).

Quick Data Points

₹15,531 crore: Initial corpus

₹15,000 crore: Announced for SWAMIH-2

61,000 homes delivered

₹37,400 crore+ capital unlocked

Mains Value Addition

GS-3: Financial Resolution; Infrastructure; Urbanization.

Social Impact: Provides relief to homebuyers paying both EMIs and rent due to project delays.
Economic Multiplier: Reviving stalled projects generates demand for cement (+20 lakh tonnes) and steel (+5.5 lakh metric tonnes).
Financial Discipline: Successful exits (55 full exits) prove that social impact projects can be financially viable.

Source

Press Information Bureau (PIB)

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