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GS3 · Housing finance

SWAMIH fund completes 58,596 stalled homes

1 min readFinancial MarketsUrbanisation
Battle IAS current affairs title card: SWAMIH fund completes 58,596 stalled homes (GS3 · Housing finance, 13 March 2026)

What happened

  • SWAMIH, launched in 2019, gives last-mile finance to stalled affordable and mid-income housing; 58,596 homes have been completed so far [PIB].
  • More than 1 lakh homes are expected, benefiting over 2.38 lakh people [PIB].

Background

  • SWAMIH is a SEBI-registered Category-II AIF sponsored by the Ministry of Finance and managed by SBICAP Ventures.

Why it matters

  • Reviving stalled projects protects homebuyers and unlocks credit stuck in them.

How to use this in Mains

GS-III Indian economy: mobilisation of resources, financial inclusion

  1. As per PIB (2026-03-13): SWAMIH, launched in 2019, gives last-mile finance to stalled affordable and mid-income housing; 58,596 homes have been completed so far.
  2. Reviving stalled projects protects homebuyers and unlocks credit stuck in them.
Quotable data point

More than 1 lakh homes are expected, benefiting over 2.38 lakh people.

PIB: PIB Backgrounder: SWAMIH, 13 Mar 2026

Exam angle

UPSC

Prelims: SWAMIH, AIF.

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

SWAMIH launched

Answer (b) & explanation

PIB.

Practice · UPSC

Homes completed

Answer (b) & explanation

PIB.

Practice · UPSC

SWAMIH is a

Answer (b) & explanation

PIB.

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Official source: PIB: PIB Backgrounder: SWAMIH, 13 Mar 2026

facts from cited sources only; faculty review pending