Affordable housing
What is SWAMIH Fund?
In India, affordable housing remains a critical issue, with many projects remaining incomplete and stalled. This is where the SWAMIH Investment Fund comes into play. It is a social impact fund that was launched in 2019 by the Ministry of ..
Month: Current Affairs - March, 2023
Category: India Nation & States Current Affairs
October 3: World Habitat Day 2022
The World Habitat Day 2022 is observed on October 3. Key facts The World Habitat Day is observed on the first Monday of October. The purpose of this initiative is to promote the fundamental right to have adequate shelter. The ..
Month: Current Affairs - October, 2022
Category: Important Days & Events Current Affairs • International / World Current Affairs
Extension of PMAY-Urban till 2024
On august 10, Union Cabinet extended the Pradhan Mantri Awas Yojana (Urban) till December, 2024. This scheme was launched for the period of 2015-2022. Highlights: The scheme was launched in June 2015 with the aim of providing pucca houses to ..
Month: Current Affairs - August, 2022
Category: Government Schemes Current Affairs
Cabinet approves Model Tenancy Act
Union Cabinet has approved “Model Tenancy Act” for circulation to all States and Union Territories for adaptation by enacting fresh legislation or amending existing rental laws as required. Highlights Approved act will help in rebuilding legal framework on rental housing ..
Month: Current Affairs - June, 2021
World in 2030: Public Survey Report
The World in 2030: Public Survey Report was recently published by UNESCO. The report was published by the organisation based on the survey held between May 2020 and September 2020. The survey collected responses from more than 15,000 people from ..
Month: Current Affairs - April, 2021
India-World Bank sign Agreements to provide affordable housing
On June 29, 2020, India and World Bank signed agreements worth 250 million USD to promote private sector to develop affordable housing in Tamil Nadu. Highlights The affordable housing is to be constructed in the state of Tamil Nadu. The ..
Month: Current Affairs - June, 2020
Finance Minister: Rs 25,000 crore Fund for stuck Housing Projects
On November 7, 2019, Government of India announced the establishment of Rs 25,000 crore fund for home buyers whose money is stuck in stalled projects. According to the Ministry of Finance, there are over 1600 such projects comprising of 4.58 ..
Month: Current Affairs - November, 2019
Residential Asset Price Monitoring Survey conducted by RBI
The Reserve Bank of India (RBI) has conducted the quarterly Residential Asset Price Monitoring Survey (RAPMS) on housing loans disbursed by select banks / Housing Finance Companies (HFCs) across 13 cities. The report indicated that housing affordability has worsened over ..