SBICAP Ventures, a subsidiary of India’s largest lender State Bank of India (SBI), has made the final close of SWAMIH Investment Fund I at Rs 15,530 crore ($1.89 billion), its MD & CEO Suresh Kozhikote told DealStreetAsia in an interview.
Sponsored by the Ministry of Finance, SWAMIH Investment Fund I is India’s largest social impact fund that is slated to provide priority debt financing for the completion of stressed, brownfield, and RERA-registered residential projects that fall in the affordable, mid-income housing category.
