Lok Sabha Question No. 330 (UNSTARRED), answered on 2024-02-05
Subject: SWAMIH Scheme
Ministry: FINANCE
Asked by: L.S. Tejasvi Surya

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF ECONOMIC AFFAIRS LOK SABHA

## UNSTARRED QUESTION NO. 330

## TO BE ANSWERED ON MONDAY, FEBRUARY 5, 2024 / MAGHA 16, 1945 (SAKA)

## ' SWAMIH Scheme '

## 330: SHRI L.S. TEJASVI SURYA:

Will the Minister of FINANCE be pleased to state:

- (a) the objective of launching the SWAMIH Scheme;
- (b) the number of stalled projects funded under SWAMIH Scheme since its inception, State/year-wise;
- (c) the number of projects completed with help of SWAMIH;
- (d) the number of projects being completed under SWAMIH and the status of their completion; and
- (e) the total amount of projects funded by SWAMIH under completion and completed, State-wise?

## ANSWER

## MINISTER OF STATE (FINANCE) (SHRI PANKAJ CHAUDHARY)

(a):  A  Special  Window  for  Affordable  &  Mid-Income  Housing  (SWAMIH) scheme was approved by the Cabinet on 06.11.2019.  The objective of the scheme was to ensure delivery of homes to buyers by providing priority debt financing for the completion of stressed, brownfield, RERA registered residential projects that are in the affordable housing / mid-income category and require last mile funding across India.  The broad criteria of financing under the scheme was that at least 90% of the available Floor Space Index (FSI) / Floor Area Ratio (FAR) is being developed as Affordable Housing units or Mid-Income Housing units; the project is net worth positive; has incurred at least 30% of the project costs and is RERA registered.

(b): A statement indicating State-wise details of projects funded under SWAMIH scheme since inception, as on December 31, 2023 is at Annexure-I.

(c)  to  (e): A  Statement  indicating  State-wise  details of  the number  of  projects completed and under various stages of completion, along-with aggregate deal size is at Annexure-II.

Annexure-I

## Statement referred to in reply to part (b) of LSUSQ No. 330 for 05.02.2024

|                | Number of       |   Year* |   Year* |   Year* |   Year* |
|----------------|-----------------|---------|---------|---------|---------|
| States         | Projects funded |    2020 |    2021 |    2022 |    2023 |
| Andhra Pradesh | 1               |       0 |       0 |       0 |       1 |
| Gujarat        | 1               |       0 |       0 |       0 |       1 |
| Haryana        | 22              |       6 |       9 |       5 |       2 |
| Karnataka      | 4               |       1 |       1 |       2 |       0 |
| Kerala         | 1               |       0 |       1 |       0 |       0 |
| Maharashtra    | 40              |       8 |      20 |       8 |       4 |
| Punjab         | 2               |       0 |       0 |       1 |       1 |
| Rajasthan      | 13              |       3 |       7 |       2 |       1 |
| Tamil Nadu     | 5               |       1 |       3 |       1 |       0 |
| Telangana      | 3               |       0 |       2 |       0 |       1 |
| Uttar Pradesh  | 16              |       1 |       5 |       4 |       6 |
| Uttarakhand    | 2               |       1 |       1 |       0 |       0 |
| Grand Total    | 110             |      21 |      49 |      23 |      17 |

Annexure-II.

## Statement  referred  to  in  reply  to  part  (c)  to  (e)  of  LSUSQ  No.  330  for 05.02.2024

| States         | Number of Projects completed   | Aggregate Deal Size (Rs. Cr)   | Number of Projects in various stages of completion   | Aggregate Deal Size (Rs. Cr)   |
|----------------|--------------------------------|--------------------------------|------------------------------------------------------|--------------------------------|
| Andhra Pradesh | -                              | -                              | 1                                                    | 44.7                           |
| Gujarat        | -                              | -                              | 1                                                    | 60.0                           |
| Haryana        | 14                             | 1011.7                         | 8                                                    | 1218.1                         |
| Karnataka      | 2                              | 274.5                          | 2                                                    | 310.8                          |
| Kerala         | 1                              | 7.0                            | -                                                    | -                              |
| Maharashtra    | 21                             | 937.8                          | 19                                                   | 1775.65                        |
| Punjab         | -                              | -                              | 2                                                    | 270.6                          |
| Rajasthan      | 8                              | 372.8                          | 5                                                    | 252.0                          |
| Tamil Nadu     | 3                              | 155.5                          | 2                                                    | 175.2                          |
| Telangana      | 1                              | 136.0                          | 2                                                    | 120.0                          |
| Uttar Pradesh  | 4                              | 872.2                          | 12                                                   | 1509.7                         |
| Uttarakhand    | 2                              | 260.0                          | -                                                    | -                              |
| Grand Total    | 56                             | 4027.5                         | 54                                                   | 5736.75                        |