Archive · 8 Jan 2026

SWAMIH Fund Completes 61,000 Homes, Plans Second Phase

SWAMIH Fund Completes 61,000 Homes, Plans Second Phase

The government's SWAMIH Fund has helped finish 61,000 half-built homes across India.

This fund, managed by SBI, has used all its money to support 145 housing projects in 30 cities.

It has created homes for over 4 lakh people and generated a lot of money for the government through taxes.

The fund has also helped create jobs and demand for materials like cement and steel.

Now, the government wants to start a second fund to build even more homes.

This new fund will have money from the government, banks, and private investors to help finish more housing projects that are stuck due to legal or financial problems.

Sources