<span style="color: #222222;">The government has decided to set up 25 thousand crore rupees fund to revive stalled housing projects.&nbsp; The decision was taken by the Union Cabinet at a meeting held yesterday in &nbsp;New Delhi. <br />''<br />''Briefing media after the meeting, &nbsp;Finance Minister Nirmala Sitharaman said that the government will put in 10 thousand crore rupees in the Alternative Investment Fund (AIF) while State Bank of India and &nbsp;Life Insurance Corporation will provide &nbsp;15 thousand crore rupees taking the total size to &nbsp;25 thousand crore rupees.<br />''<br />''It will finance over 1,600 stalled housing projects comprising about &nbsp;4.58 lakh housing units across the country.<br />''&nbsp;<br />''The fund will provide relief to developers that require funding to complete a set of unfinished projects and consequently ensure delivery of homes to the home-buyers.</span><br />
News On AIR | November 7, 2019 2:17 PM
Govt sets up Rs.25,000 crore fund to revive stalled housing projects