The government has said that the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund has created more than 36,000 skilled and unskilled jobs across the country.
SWAMIH is a government-backed scheme started to help stalled housing projects. It provides last-mile funding, which means financial support to complete projects that were left unfinished. The fund is supported by the Ministry of Finance’s Department of Economic Affairs.
According to the Ministry of Finance, the SWAMIH fund has helped unlock over ₹37,400 crore in capital by supporting 127 housing projects across India. These projects cover more than 90 million square feet of construction area.
The ministry said the scheme has played an important role in protecting the interests of homebuyers, many of whom were waiting for their houses to be completed. It has also helped revive the housing sector, created jobs, and supported economic growth.
In addition, the government said the fund has contributed over ₹6,900 crore in revenue to the Central and State governments through GST, stamp duty, and other government charges.
The SWAMIH Investment Fund is seen as a key initiative in strengthening the housing sector and boosting the overall economy.