With an estimated injection of Rs 10,000 crore by government, this window will be run by complete professional drawn from marketplace including banking and housing finance specialists.
Finance Minister Nirmala Sitharaman September 14 returned with a fresh set of relief measures, this time to boost exports and the flagging housing sector. This is her fourth such address since mid-August.In the latest press conference, FM Sitharaman announced two major measures. The first one is a new export promotion scheme
The second announcement is the set-up of a Rs 10,000 crore special fund, a special window for affordable and mid-income housing. The fund will provide the last-mile funding for housing projects that are non-NPA and non-NCLT projects and are stuck due to lack of funding.