SWAMIH Fund: The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I is a social impact fund specifically formed for completing stressed and stalled residential projects. The Fund is sponsored by the Ministry of Finance, Government of India. It is managed by SBICAP Ventures Ltd., a State Bank Group company. It has one of the largest domestic real estate private equity teams focused only on funding and monitoring the completion of stressed housing projects. It is a Category-II AIF (Alternate Investment Fund)debt fund registered with the Securities and Exchange Board of India. Eligibility:Real estate projects must be registered under the Real Estate (Regulation and Development) Act (RERA) 201. The project must be classified as a non-performing asset (NPA) or be under insolvency proceedings. The project should have been declared as a “stalled” or “delayed” project by a competent authority. The fund is available only for projects that fall under the affordable and mid-income housing categories.
Bharat 6G Alliance: It is a collaborative platform that aims to achieve universal and affordable connectivity, promote indigenous technology, and establish India as a global leader in the telecom sector. This platform consists of public and private companies, academia, research institutions, and standards development organizations, and aims to lead the development and deployment of 6G technology in India. It will forge coalitions and synergies with other 6G Global Alliances, fostering international collaboration and knowledge exchange. Aim: To bring together Indian startups, companies, and the manufacturing ecosystem to establish consortia that drive the design, development and deployment of 6G technologies in India. One of the key goals of B6GA is to facilitate market access for Indian telecom technology products and services, enabling the country to emerge as a global leader in 6G technology. Funding for 6G technology projects: To support the advancement of 6G technology, the government has allocated a grant of 240.51 crores through the Telecom Technology Development Fund scheme.
Telecom Technology Development Fund: It was launched in 2022. Under this 5% of annual collections from the Universal Service Obligation Fund (USOF) will be available for the TTDF Scheme for funding research & development of technologies, products, and services.
The scheme is envisaged to bridge the digital divide by developing and manufacturing state-of-the-art technologies and forming synergies among academia, start-ups, research institutes, and the industry to build and develop the telecom ecosystem.
eSARAS App: It is an e-commerce mobile app that will be used as a more effective platform for marketing the products made by women of self-help groups. It is an initiative conceptualized by the DAY-NRLM, Ministry of Rural Development (MoRD), towards the marketing of the best, authentic handicrafts and hand-looms. This initiative promotes the spirit of Vocal for Local even further with easier marketing of products prepared by SHGs
Along with that eSARAS Fulfilment Centre was also inaugurated. These centres will be managed by the Foundation for Development of Rural Value Chains (FDRVC – a Not for Profit Company constituted jointly by the Ministry of Rural Development and Tata Trust). This centre will be used for processing, packaging and shipping of products that customers purchase through the eSARAS Portal and eSARAS mobile App. It will handle the logistics required to bring an online order to a customer’s doorstep.
