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SPECIAL WINDOW FUND - Coggle Diagram

- - - -  The fund size will initially be ¹ 25,000crore with the government providing ¹ 10,000 crore and the State Bank of India (SBI) and the Life Insurance Corporation (LIC) providing the balance.
      -  The fund is not capped at ¹ 25,000 crore and will likely grow as a lot of sovereign funds have shown interest.
    - -  The fund will be set up as Category-II Alternative Investment Fund registered with the Securities and Exchange Board of India (SEBI).
      -  It will be managed by SBICAP Ventures Limited (SVL). It is a wholly owned subsidiary of SBI Capital Markets Ltd.
    - -  All affordable and middle-income housing projects that are
        
         Stalled for lack of adequate funds
        
         Net worth positive
        
         Registered with the Real Estate Regulatory Authority (RERA)
        
         That have not been deemed liquidation-worthy.
      -  Stuck projects classified as Non Performing Assets and those undergoing resolution under the National Company Law Tribunal will also be eligible for funding — a change from the announcement made in September 2019.
    - -  The fund will provide money in escrow accounts that can be used only for completion of the identified projects.
      -  The receivables from the project will be used to repay the fund.