SWAMIH 2.0 (Special Window for Affordable and Mid-Income Housing) is an extension and enhancement of the original SWAMIH fund launched in 2019. It was announced in the Union Budget 2025. Through this scheme, the government of India helps in completion of those houses whose construction has been left uncompleted due to lack of funds. More than 50,000 people got possession of homes: According to SBICAP Ventures Limited (company authorised by the government to finance construction of stalled projects in the country), as of Jan 25, 2025, construction of more than 50,000 homes have been completed by the government under the SWAMIH scheme. In the Budget 2025, the Union Finance Minister Nirmala Sitharaman proposed extension of this scheme (SWAMIH 2.0). Here are the key aspects: 1. Fund Size Structure – Total corpus of ₹15,000 crore (significantly larger than SWAMIH 1.0) – Government of India, bank and private investors will be sponsors – Managed by SBICAP Ventures Limited 2. Impact – Completion of more than 50,000 housing units till Jan 25, 2025 – More 40,000 units to be completed in 2025 -SWAMIH 2.0 target – completion of additional 1 lakh units – Generation of significant direct and indirect employment – Positive impact on allied industries like cement, steel, and other construction materials 3. Major projects whose construction has been completed under the SWAMIH scheme: SWAMIH fund approved projects list: Amrapali group – 6 projects in Noida and Greater Noida Lodha – 1,100 houses in Thane 4. Key Objectives – Complete stuck housing projects in the middle-income and affordable housing segment – Provide relief to homebuyers who have invested in stalled projects – Generate employment in the construction sector – Revive the real estate ecosystem 5. Target Projects – Focus on mid-income and affordable housing projects – Projects that are net-worth positive but face liquidity issues – Priority to projects nearing completion 6. Enhanced Features over SWAMIH 1.0 – Broader scope to include commercial real estate components within residential projects – More flexible funding criteria – Faster approval process – Increased focus on tier-2 and tier-3 cities 7. This initiative is part of the government's broader strategy to: – Address housing shortages in urban areas – Support the real estate sector's recovery – Boost economic growth through construction activity – Achieve the BJP’s flagship "Housing for All" mission The fund is expected to play a crucial role in resolving the stuck projects in the real estate sector and provide much-needed relief to homebuyers who have invested their savings in these projects.Original Article