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Finance Minister Nirmala Sitharaman on Thursday said renewing stalled real estate projects will significantly improve economic sentiment in the country grappling with a second wave of Covid. This will also boost the portfolios of banks and non-banking financial companies (NBFCs), said the FM at a virtual event where she handed over possession of Rivali Park to home buyers. The Mumbai-based project, which had been stalled for some time, was completed under the Centre’s special liquidity window — Special Window for Affordable & Mid-Income Housing (SWAMIH-I). This is the first residentia...

FM Nirmala Sitharaman says govt’s last-mile SWAMIH I fund to help deliver 1.16 lakh homes SECTIONS FM Nirmala Sitharaman says govt’s last-mile SWAMIH I fund to help deliver 1.16 lakh homesBy Share Synopsis “This particular government scheme has primarily kept its focus on relieving the suffering of the middle class who invest in the homes, who for no fault of theirs, suffer because houses are not given to them because of the liquidity (issue) and because the real estate sector itself went through a cash strapped situation. In 2019, we faced it all, but today we are seeing the light at ...

FM hands over first batch of houses under special window project ​ By IANS | Published on ​ Thu, May 13 2021 22:21 IST | ​ 3 Views   Union Minister of State for Commerce & Industry, Nirmala Sitharaman. (File Photo: IANS). Image Source: IANS News New Delhi, May 13 : Union Finance Minister Nirmala Sitharaman on Thursday handed over possession to homebuyers virtually as the Centre's Special Window for Affordable & Mid-Income Housing (SWAMIH) completed its first residential project. The residential project -- Rivali Park in suburban Mumbai -- is the first housing project in India to h...

PIA NCR file photo CALOOCAN CITY, April 26 (PIA) -- The Land Bank of the Philippines (LandBank) conveyed its steadfast commitment to provide responsive financing to farmers, fishers, and other players in the agribusiness value chain during the culmination of its Online Stakeholder’s Consultation Forum recently.  LandBank President and CEO Cecilia C. Borromeo assured stakeholders of the bank’s continued efforts in addressing emerging challenges and issues faced by clients in accessing agricultural credit amid the COVID-19 pandemic.   “We welcome the issues raised and suggestions gath...

Published April 21, 2021, 10:52 AM Amid the prevalence of African Swine Fever (ASF), state-run lender Land Bank of the Philippines (LANDBANK) has doubled its credit commitment to the local swine industry from P15 billion to P30 billion. This, according to the bank, will help local pork producers and feed millers to repopulate and stay in operations amid ASF. The move came after Finance Secretary and LANDBANK Chairman Carlos Dominguez III ordered the state lender to double its support for hog raisers, feed millers, and other industry players dealing with supply shortfalls and retail price spir...