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Government sets up Rs.25,000 crore fund to revive stalled housing projects

by sushantoberoi
  • The Union Cabinet approved the setting up of a Rs 25,000-crore alternative investment fund (AIF) to revive around 1,600 stalled housing projects across top cities in the country.
  • The government will put in 10 thousand crore rupees in the Alternative Investment Fund (AIF) while State Bank of India and Life Insurance Corporation will provide 15 thousand crore rupees taking the total size to 25 thousand crore rupees
  • The AIF will be a special window to provide priority debt financing for completion of projects in the affordable and middle-income categories

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