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Amit Malviya – BJP leader:
Prime Minister Narendra Modi launched the Grih Pravesh programme for beneficiaries under the Pradhan Mantri Awas Yojana.
These houses, developed at a cost of over 3,400 crores, cover over 2 lakh beneficiaries. Transforming North East India.
More than 3 lakh families across the state got the keys to their rightful homes under the Maha Awas Abhiyan in the presence of CM Uddhav Balasaheb Thackeray at the Grihapravesh ceremony this evening.
CMO Maharashtra
Ministry of Finance:
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman today handed over possession to homebuyers virtually as Government of India’s Special Window for Affordable & Mid-Income Housing (SWAMIH) completes its first residential project.
The residential project – Rivali Park, located in suburban Mumbai, was the first housing project in India to have received funding under the SWAMIH Fund. The SWAMIH Fund was launched by Smt. Sitharaman in November 2019.
Rivali Park Wintergreens is the first investment by the Fund and is also the first project to get completed.
It is a large project spread over 7 acres consisting of 708 units of various configurations.
The project is “Rivali Park Wintergreens” developed by CCI Projects Pvt Ltd (CCIPPL), an associate company of Cable Corporation of India Ltd.
Along with Smt. Sitharaman, the online event was also graced by Shri Anurag Singh Thakur, Minister of State for Finance and Corporate Affairs; Shri Durga Shankar Mishra, Secretary, Ministry of Housing and Urban Affairs; Shri Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance; Shri K. Rajaraman, Additional Secretary, Department of Economic Affairs, Ministry of Finance; Shri Dinesh Kumar Khara, Chairman, SBI, and other officials from SBICAP Ventures Limited.
Addressing the virtual event, Finance Minister Smt. Sitharaman said she is very pleased to see that SWAMIH Fund has completed its first residential project. More so, it is an important achievement since the SWAMIH Fund has worked its way through the difficult period of COVID-19 pandemic, She added.
The Finance Minister said that the Government of India had stepped in to provide funding to the stressed affordable and mid-income housing projects thereby giving relief to the home buyers who had invested their hard earned savings.
Smt. Sitharaman said the Government believes that once these homes are constructed and completed, a large amount of capital locked up in these projects will be released.
The Finance Minister said it will provide employment to construction workers and will provide impetus to the allied industries such as steel and cement.
Further, it will improve portfolios of Banks and NBFCs and significantly improve the economic sentiment in the nation.
Smt. Sitharaman complimented and congratulated the SBICap Ventures team for converting a policy announcement into an on-the-ground funding institution that has achieved significant progress within a short time span.