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Consider the following statements regarding Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund.
- It is a social impact fund specifically formed for completing stressed and stalled residential projects.
- The Fund is sponsored by Ministry of Housing and Urban Affairs(MoHUA).
- The Fund considers first-time developers, established developers with troubled projects and even projects where there are litigation issues.
How many of the above statements is/are correct?
- a)Only one
- b)Only two
- c)All three
- d)None
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following statements regarding Special Window for Afforda...
Statement 2 is incorrect.
- The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I is a social impact fund specifically formed for completing stressed and stalled residential projects.
- The Fund is sponsored by the Ministry of Finance, Government of India, and is managed by SBICAP Ventures Ltd., a State Bank Group company.
- Since the Fund considers first-time developers, established developers with troubled projects, developers with a poor track record of stalled projects, customer complaints and NPA accounts, and even projects where there are litigation issues, it is considered as the lender of last resort for distressed projects. The Fund’s presence in a project often acts as a catalyst for better collections and sales primarily in projects that were delayed for years.
Most Upvoted Answer
Consider the following statements regarding Special Window for Afforda...
Statement 1: It is a social impact fund specifically formed for completing stressed and stalled residential projects.
This statement is correct. The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund is indeed a social impact fund that was created with the specific purpose of completing stalled and stressed residential projects in India. These projects often face financial difficulties and are unable to be completed, leaving homebuyers in a state of uncertainty. SWAMIH aims to provide last-mile funding to these projects and ensure their completion, thus addressing the housing needs of the middle and lower-income groups.
Statement 2: The Fund is sponsored by Ministry of Housing and Urban Affairs(MoHUA).
This statement is incorrect. The SWAMIH Investment Fund is not sponsored by the Ministry of Housing and Urban Affairs (MoHUA). Instead, it is a Category II Alternate Investment Fund (AIF) registered with the Securities and Exchange Board of India (SEBI). The fund is managed by SBICAP Ventures Limited, which is a subsidiary of the State Bank of India (SBI).
Statement 3: The Fund considers first-time developers, established developers with troubled projects, and even projects where there are litigation issues.
This statement is correct. The SWAMIH Investment Fund considers a wide range of projects and developers. It is not limited to first-time developers but also includes established developers who are facing financial difficulties with their projects. Additionally, the fund also considers projects that are facing litigation issues. By providing financial support to such projects, SWAMIH aims to resolve the legal and financial challenges they face and ensure their completion.
Summary:
Out of the three statements given, statement 1 and statement 3 are correct while statement 2 is incorrect. The SWAMIH Investment Fund is indeed a social impact fund specifically formed for completing stressed and stalled residential projects. It considers a range of developers and projects, including established developers with troubled projects and those facing litigation issues. However, it is not sponsored by the Ministry of Housing and Urban Affairs (MoHUA).
This statement is correct. The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund is indeed a social impact fund that was created with the specific purpose of completing stalled and stressed residential projects in India. These projects often face financial difficulties and are unable to be completed, leaving homebuyers in a state of uncertainty. SWAMIH aims to provide last-mile funding to these projects and ensure their completion, thus addressing the housing needs of the middle and lower-income groups.
Statement 2: The Fund is sponsored by Ministry of Housing and Urban Affairs(MoHUA).
This statement is incorrect. The SWAMIH Investment Fund is not sponsored by the Ministry of Housing and Urban Affairs (MoHUA). Instead, it is a Category II Alternate Investment Fund (AIF) registered with the Securities and Exchange Board of India (SEBI). The fund is managed by SBICAP Ventures Limited, which is a subsidiary of the State Bank of India (SBI).
Statement 3: The Fund considers first-time developers, established developers with troubled projects, and even projects where there are litigation issues.
This statement is correct. The SWAMIH Investment Fund considers a wide range of projects and developers. It is not limited to first-time developers but also includes established developers who are facing financial difficulties with their projects. Additionally, the fund also considers projects that are facing litigation issues. By providing financial support to such projects, SWAMIH aims to resolve the legal and financial challenges they face and ensure their completion.
Summary:
Out of the three statements given, statement 1 and statement 3 are correct while statement 2 is incorrect. The SWAMIH Investment Fund is indeed a social impact fund specifically formed for completing stressed and stalled residential projects. It considers a range of developers and projects, including established developers with troubled projects and those facing litigation issues. However, it is not sponsored by the Ministry of Housing and Urban Affairs (MoHUA).
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Consider the following statements regarding Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund. It is a social impact fund specifically formed for completing stressed and stalled residential projects. The Fund is sponsored by Ministry of Housing and Urban Affairs(MoHUA). The Fund considers first-time developers, established developers with troubled projects and even projects where there are litigation issues.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund. It is a social impact fund specifically formed for completing stressed and stalled residential projects. The Fund is sponsored by Ministry of Housing and Urban Affairs(MoHUA). The Fund considers first-time developers, established developers with troubled projects and even projects where there are litigation issues.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund. It is a social impact fund specifically formed for completing stressed and stalled residential projects. The Fund is sponsored by Ministry of Housing and Urban Affairs(MoHUA). The Fund considers first-time developers, established developers with troubled projects and even projects where there are litigation issues.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund. It is a social impact fund specifically formed for completing stressed and stalled residential projects. The Fund is sponsored by Ministry of Housing and Urban Affairs(MoHUA). The Fund considers first-time developers, established developers with troubled projects and even projects where there are litigation issues.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?.
Consider the following statements regarding Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund. It is a social impact fund specifically formed for completing stressed and stalled residential projects. The Fund is sponsored by Ministry of Housing and Urban Affairs(MoHUA). The Fund considers first-time developers, established developers with troubled projects and even projects where there are litigation issues.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund. It is a social impact fund specifically formed for completing stressed and stalled residential projects. The Fund is sponsored by Ministry of Housing and Urban Affairs(MoHUA). The Fund considers first-time developers, established developers with troubled projects and even projects where there are litigation issues.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund. It is a social impact fund specifically formed for completing stressed and stalled residential projects. The Fund is sponsored by Ministry of Housing and Urban Affairs(MoHUA). The Fund considers first-time developers, established developers with troubled projects and even projects where there are litigation issues.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?.
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