In 2019, several homebuyers, largely those belonging to middle income groups, made representation to @PMOIndia about their situation- having to pay EMI while continuing to live in rented houses. Projects were stalled, they didn’t get possession of their homes. @PIB_India (1/4)
The real estate sector was under stress. Financial institutions couldn’t give additional funds to complete the projects.

The #middleclass #homebuyers were in a quandary.

After several stakeholder consultations, #SWAMIH Fund was created.

@PIB_India (2/4)
Stalled #RERA-registered projects from all over the country were identified. Steps in due diligence were taken.
Despite #Covid,the @finmin, @DFS_India, @MoHUA_India @TheOfficialSBI worked together. Several state govts were proactive in facilitating the process.
@PIB_India (3/4)
Today, 640 #homebuyers received the keys for their homes. From this #SWAMIH Investment Fund (I), a total of 1,16,600 #homebuyers will get possession of their homes.

I thank the @PMOIndia @narendramodi for his continuous support and guidance.
@PIB_India @FinMinIndia (4/4)

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More from @nsitharaman

9 May
1/ Hon. CM of West Bengal @MamataOfficial has written to the Hon @PMOIndia seeking exemption from GST/Customs duty and other duties and taxes on some items and COVID related drugs.

My response is given in the following 15 tweets.

@ANI @PIB_India @PIBKolkata
2/ A list of items for COVID relief granted exemption from IGST for imports was issued on 3rd May’21. These were given exemption from Customs Duty/health cess even earlier.

Hon. CM @MamataOfficial , may notice that items in your list are covered.

@ANI @PIB_India @PIBKolkata
3/ Full exemption from Customs duties, including IGST, is already available to ALL COVID relief material (not confined to a list) imported by @IndianRedCross for free distribution in the country.

@ANI @PIB_India @PIBKolkata
Read 16 tweets
30 Nov 20
1. Today, @PMOIndia spoke on boosting infrastructure for Kashi (his constituency) and in UP. @narendramodi Ji spoke on #FarmLaws2020 related matters.
In the 5yrs before 2014, ₹1.5 lakh Cr were spent for wheat procurement. Post ‘14 in 5yrs ₹3 lakh Cr (double) were spent.
2. In the 5 yrs pre 2014, ₹2 lakh crores worth paddy was procured compared to ₹5 lakh crores procured in 5 yrs post ‘14.
Procurement of pulses in 5 years pre 2014, was for ₹600Cr. Whereas, for 5 yrs, post ‘14, ₹49000 Cr was spent for pulses procurement (75x more) #FarmLaws
3. Under PM-Kisan more than 10crore farmers get their entitlements directly into their bank accounts. Until now nearly ₹ 1 lakh crore has already reached our farmers. For political gains, in one state, the govt there hasn’t allowed its farmers benefit of this scheme. #FarmLaws
Read 9 tweets
4 Nov 20
Is the #MVA government in Maharashtra replaying #IndiraGandhi’s Emergency? Where are self-appointed guardians of #FoE in this #ArnabGoswami episode, which goes above & beyond ideological/political differences with a fellow journalist? No media ‘guilds’/Associations/Unions today?
The ‘LeftLib’ brotherhood, which spawns itself in media outlets abroad is quick to comment on the @BJP4India central govt + @PMOIndia. How much longer will they ignore worse attacks on #FoE by provincial governments run by @INCIndia & their allies?
@WSJ @nytimes @FinancialTimes
Despite over a decade of vile abuse, which also stooped to cheap & personal, against @narendramodi from some sections of media, has he or the @BJP4India done anything remotely comparable? Shame on @INCIndia.
Read 5 tweets
17 Oct 20
1. Autumnal nine days recall the glory of Devi - Sharad Navaratri. Beautiful verses such as Devi Mahatmyam/Lalita Sahasranamam/Chandi Paath describe Devi’s qualities. These are recited.

Navavarna Kritis in Sanskrit are dedications by Muthuswami Dikshitar sung Carnatic style.
2. These magnificent pieces offer a glimpse of the Tantric mode of extolling Devi. Elaborate tantric rituals are simplified into emotive yet spiritually rich songs. Kritis (songs) are structured as Dhyana(1) Kirtana (9) & Mangala (1). Each is set to an evolved raga.
3. Todi,Ananda Bhairavi, Kalyani, Sankharabharanam, Kambodi, Bhairavi, Punnagavarali, Sahana, Ghanta, Ahiri & Sri. In the Navavarna, Devi = Kamala as kritis are dedicated to Kamalamba in a temple in Tiruvarur(TN) built (?)9th CE.Shall try to explain pallavi & anupallavi each day.
Read 13 tweets
12 May 20
Just one virus has shaken up the world, the entire world is struggling to save lives, says @PMOIndia @narendramodi
India has to become #selfreliant. This pandemic has provided an opportunity for us to make the 21st century an Indian century , says @PMOIndia @narendramodi
Human centred globalisation is being discussed. Vasudaiva Kutumbakam is the spirit. In our culture, we treat the earth as the mother. So when we speak of #selfreliance we talk of well being for all, says @PMOIndia @narendramodi
Read 5 tweets
28 Apr 20
Shri @RahulGandhi MP (LS) and Shri @rssurjewala spokesperson of @INCIndia have attempted to mislead people in a brazen manner. Typical to @INCIndia, they resort to sensationalising facts by taking them out of context. In the following tweets wish to respond to the issues raised.
Today’s attempt of @INCIndia leaders is to mislead on wilful defaulters, bad loans & write-offs. Between 2009-10 & 2013-14, Scheduled Commercial Banks had written off Rs.145226.00 crores. Wished Shri.@RahulGandhi consulted Dr. Manmohan Singh on what this writing-off was about.
Provisions are made for NPAs as per the four-year provisioning cycle laid down by the @RBI. Upon full provisioning being done banks write-off the fully provided NPA but continue to pursue recovery against the borrower. No loan is waived off.
Read 13 tweets

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