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Informist, Friday, Oct. 24, 2025

--RBI:To enlist SWAMIH Investment Fund-I under AIF invest exemption category 

NEW DELHI – The Reserve Bank of India Friday said it will exempt the Special Window for Affordable and Mid-Income Housing, or SWAMIH, Investment Fund-I from the guidelines on investment in Alternative Investment Funds. The guidelines will come into effect Jan. 1.

According to the RBI's investment in alternative investment funds directions, the central bank, in consultation with the government, can exempt certain alternative investment funds from the scope of these directions. The directions cap the contribution by a single regulated entity to any alternative investment fund scheme to 10% of the scheme's corpus. Collectively, a ceiling of 20% is applied to investment by all regulated entities in an alternative investment scheme, as per the RBI norms. 

The government had set up the SWAMIH fund in 2019 to provide priority debt financing for the completion of stalled housing projects that are in the affordable and middle-income housing sector. The fund was set up as an Alternate Investment Fund with SBI Ventures assigned as the Investment Manager. Finance Minister Nirmala Sitharaman in this year's Budget announced that the government will establish a second fund named SWAMIH 2 with an outlay of INR 150 billion for the completion of 100,000 dwelling units.  End

Reported by Shubham Rana

Edited by Akul Nishant Akhoury

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