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With reference to the special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I, consider the following statements:
1. The fund is sponsored by the Ministry of Housing & Urban Poverty Alleviation.
2. It is a special fund established in 2019 for the women and weaker sections of the both urban and rural India.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
With reference to the special Window for Affordable and Mid-Income Hou...
Both Statement 1 and 2 are not correct: SWAMIH Investment Fund I is a social impact fund specifically formed for completing stressed and stalled residential projects.
  • It is considered as the lender of last resort for distressed projects.
  • It 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.
  • The Fund is sponsored by the Ministry of Finance, Government of India, and is managed by SBICAP Ventures Ltd., a State Bank Group company.
  • It was launched in 2019
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Most Upvoted Answer
With reference to the special Window for Affordable and Mid-Income Hou...
Explanation:
The correct answer is option D - Neither 1 nor 2.

Reasoning:
- Statement 1: The fund is not sponsored by the Ministry of Housing & Urban Poverty Alleviation. It is sponsored by the State Bank of India (SBI) Cap Ventures Limited, which is a subsidiary of SBI Capital Markets Limited.
- Statement 2: The special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I is not specifically targeted towards women and weaker sections of society. It is focused on providing last-mile funding to stressed affordable and mid-income housing projects across India.
Therefore, neither statement 1 nor statement 2 is correct.
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With reference to the special Window for Affordable and Mid-Income Housing (SWAMIH)Investment Fund I, consider the following statements:1. The fund is sponsored by the Ministry of Housing & Urban Poverty Alleviation.2. It is a special fund established in 2019 for the women and weaker sections of the bothurban and rural India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
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With reference to the special Window for Affordable and Mid-Income Housing (SWAMIH)Investment Fund I, consider the following statements:1. The fund is sponsored by the Ministry of Housing & Urban Poverty Alleviation.2. It is a special fund established in 2019 for the women and weaker sections of the bothurban and rural India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. 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 With reference to the special Window for Affordable and Mid-Income Housing (SWAMIH)Investment Fund I, consider the following statements:1. The fund is sponsored by the Ministry of Housing & Urban Poverty Alleviation.2. It is a special fund established in 2019 for the women and weaker sections of the bothurban and rural India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the special Window for Affordable and Mid-Income Housing (SWAMIH)Investment Fund I, consider the following statements:1. The fund is sponsored by the Ministry of Housing & Urban Poverty Alleviation.2. It is a special fund established in 2019 for the women and weaker sections of the bothurban and rural India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
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