Government Approves Rs 25,000 Crore Alternate Fund For Stalled Housing Projects: Nirmala Sitharaman

Union finance minister Nirmala Sitharaman said that the Cabinet has approved setting up of to provide a Rs 25,000 crore bailout fund to provide debt financing for over 1,600 stalled projects in the affordable and middle income housing sector. The 'special window' will be structured as an alternate investment fund (AIF) to provide priority debt financing for comp more