Lok Sabha Question No. 3686 (UNSTARRED), answered on 2025-03-24
Subject: Status of SWAMIH
Ministry: FINANCE
Asked by: Smt. D K Aruna, Shri Chamala Kiran Kumar Reddy, Shri Putta Mahesh Kumar

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 3686

TO BE ANSWERED ON MONDAY, MARCH 24, 2025/ CHAITRA 3, 1947 (SAKA)

## STATUS OF SWAMIH

3686:   Smt. D K Aruna:

Shri Chamala Kiran Kumar Reddy:

Shri Putta Mahesh Kumar:

Will the Minister of FINANCE be pleased to state:

- (a) whether it is a fact that under the Special Window for Affordable and Mid-Income Housing  (SWAMIH),  investment  fund  fifty  thousand  dwelling  units  in  stressed housing  projects  have  been  completed  and  the  keys  have  been  handed  over  to homebuyers, while another forty thousand units would be completed in 2025 and if so, the details thereof;
- (b) whether the Government proposes to establish SWAMIH Fund 2 of Rupees 15,000 crore as a blended finance facility with contributions from the Government, banks and private investors aiming for the expeditious completion of another one lakh units;
- (c) if so, the details thereof and the progress made along with the funds allocated, released, sanctioned and utilised under SWAMIH across the country during the last five years district/State-wise  including  Telangana,  Madhya  Pradesh,  Andhra  Pradesh  and  in Eluru District;
- (d) the details and the total number of beneficiaries under the SWAMIH during the last five years across the country, district/State-wise including Andhra Pradesh and in Eluru District; and
- (e) whether  the  Government  has  undertaken  any  campaigns/studies  to  increase  the awareness regarding the SWAMIH in the country, if so, the details thereof especially for Andhra Pradesh?

## ANSWER

## MINISTER OF STATE (FINANCE) SHRI PANKAJ CHAUDHARY

(a): Under the projects funded by SWAMIH Fund-I, 50,000 homes have been completed and have either applied for or obtained occupancy certificate. As of February 28, 2025, the Fund is facilitating the completion of 40,000 additional units during the fund life.

(b): Yes;

(c) & (d): Under SWAMIH Fund-I, significant progress has been made in reviving stalled housing projects across various states. Region-wise breakdown of funds allocated, released, sanctioned, utilised and number of homes as of 7 th March 2025 is provided below:

| State           | Projects   | Homes Funded   | Sanctioned investment   | Disbursed Amounts   | Redeemed Amounts   | Amount outstanding   |
|-----------------|------------|----------------|-------------------------|---------------------|--------------------|----------------------|
| State           | (No.)      | (No.)          | (Rs. in crore)          | (Rs. in crore)      | (Rs. in crore)     | (Rs. in crore)       |
| Uttar Pradesh   | 20         | 21,801         | 3,233.4                 | 1,979.2             | 561.2              | 1,418.0              |
| Haryana         | 22         | 16,145         | 2,186.8                 | 1,636.9             | 633.1              | 1,003.7              |
| Maharashtra     | 47         | 19,730         | 3,715.6                 | 2,603.1             | 869.8              | 1,733.3              |
| Rajasthan       | 13         | 7,721          | 598.5                   | 478.3               | 140.8              | 337.6                |
| Telangana       | 6          | 5,936          | 1,063.0                 | 506.4               | 43.4               | 463.0                |
| Andhra Pradesh* | 2          | 970            | 226.7                   | 146.1               | -                  | 146.1                |
| Karnataka       | 5          | 3,197          | 746.3                   | 436.5               | 342.5              | 94.0                 |
| Punjab          | 3          | 2,549          | 439.4                   | 168.8               | -                  | 168.8                |
| Tamil Nadu      | 5          | 1,914          | 340.7                   | 204.6               | 100.1              | 104.5                |
| Kerala          | 1          | 70             | 7.0                     | 7.0                 | 7.0                | -                    |
| Uttarakhand     | 2          | 1,763          | 225.0                   | 215.0               | 127.5              | 87.5                 |
| Gujarat         | 1          | 259            | 60.0                    | 52.0                | 1.4                | 50.6                 |
| Total           | 127        | 82,055         | 12,842                  | 8,434               | 2,827              | 5,607                |

(e):  SWAMIH  Fund-I  has  been  actively  promoted  through  various  channels  to  ensure widespread  awareness  and  engagement.  These  channels  include  Industry  Events  & Conferences,  including  participation  as  speakers  in  various  seminars,  webinars,  and conferences organized by bodies like Confederation of Real Estate Developers' Associations of India (CREDAI), National Real Estate Development Council (NAREDCO) and Royal Institution of Chartered Surveyors (RICS). Additionally, SBI Ventures Limited (SVL) has organized and participated in various seminars and sessions, while also leveraging its own platforms,  including  the  SVL  website.  Furthermore,  Press  Information  Bureau  have  also been utilised to disseminate information about the Fund.

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