Interview Guidance Program (IGP) for UPSC CSE 2024, Registrations Open Click Here to know more and registration
News: Union Finance Minister has approved 81 projects under the Special Window for Affordable and Mid Income Housing(SWAMIH) fund.
Facts:
- SWAMIH Investment Fund: It has been formed in 2019 to complete construction of stalled, RERA-registered affordable and mid-income category housing projects which are stuck due to paucity of funds.
- Fund: The fund has a target corpus of Rs 12,500 crore with a greenshoe option of Rs 12,500 crore.
- Investment manager: The Investment Manager of the Fund is SBICAP, a wholly-owned subsidiary of State Bank of India.
- Sponsor: The sponsor of the Fund is the Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India.
Additional Facts:
- Green Shoe Option: It is an over-allotment option which grants the underwriter of a public offer the right to sell investors more shares than initially planned by the issuer when the demand for security issue proves higher than expected.
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.
