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With reference to the ‘SWAMIH fund’, consider the following statements:
1. It aims to provide financing to enable completion of stalled housing projects.
2. It was set up as a Category-II Alternative Investment Fund in 2019.
3. The Reserve Bank of India is the sponsor of the fund.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    1 and 2 only
  • c)
    3 only
  • d)
    1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
With reference to the ‘SWAMIH fund’, consider the followin...
  • Recently, the SWAMIH (Special Window for Affordable & Mid-Income Housing) fund has made its first complete exit from an investment made for completion of a residential project in Mumbai.
    • It has already completed over 1,500 homes in seven projects and is on track to complete at least 10,000 homes every year.
  • It aims to provide financing to enable completion of stalled housing projects and ensure delivery of apartments to homebuyers. Hence, statement 1 is correct.
  • This is a government backed fund that was set up as a Category-II AIF (Alternate Investment Fund) debt fund registered with SEBI (Securities and Exchange Board of India), launched in 2019. Hence, statement 2 is correct.
  • The Investment Manager of the Fund is SBI(State Bank of India)CAP Ventures, a wholly-owned subsidiary of SBI Capital Markets, which in turn is a wholly-owned subsidiary of the SBI.
  • The Sponsor of the Fund is the Secretary, Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India. Hence, statement 3 is not correct.
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Community Answer
With reference to the ‘SWAMIH fund’, consider the followin...
  • Recently, the SWAMIH (Special Window for Affordable & Mid-Income Housing) fund has made its first complete exit from an investment made for completion of a residential project in Mumbai.
    • It has already completed over 1,500 homes in seven projects and is on track to complete at least 10,000 homes every year.
  • It aims to provide financing to enable completion of stalled housing projects and ensure delivery of apartments to homebuyers. Hence, statement 1 is correct.
  • This is a government backed fund that was set up as a Category-II AIF (Alternate Investment Fund) debt fund registered with SEBI (Securities and Exchange Board of India), launched in 2019. Hence, statement 2 is correct.
  • The Investment Manager of the Fund is SBI(State Bank of India)CAP Ventures, a wholly-owned subsidiary of SBI Capital Markets, which in turn is a wholly-owned subsidiary of the SBI.
  • The Sponsor of the Fund is the Secretary, Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India. Hence, statement 3 is not correct.
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With reference to the ‘SWAMIH fund’, consider the following statements:1. It aims to provide financing to enable completion of stalled housing projects.2. It was set up as a Category-II Alternative Investment Fund in 2019.3. The Reserve Bank of India is the sponsor of the fund.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?
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With reference to the ‘SWAMIH fund’, consider the following statements:1. It aims to provide financing to enable completion of stalled housing projects.2. It was set up as a Category-II Alternative Investment Fund in 2019.3. The Reserve Bank of India is the sponsor of the fund.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the ‘SWAMIH fund’, consider the following statements:1. It aims to provide financing to enable completion of stalled housing projects.2. It was set up as a Category-II Alternative Investment Fund in 2019.3. The Reserve Bank of India is the sponsor of the fund.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the ‘SWAMIH fund’, consider the following statements:1. It aims to provide financing to enable completion of stalled housing projects.2. It was set up as a Category-II Alternative Investment Fund in 2019.3. The Reserve Bank of India is the sponsor of the fund.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
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