The investment manager along with developer will ensure that the end-use of funds is only to complete the project, says the government

Finance ministry has clarified that all applications for financing under AIF would be reviewed by the investment committee of the fund for approval, after due-diligence and discussions with existing lenders and legal advisors

The government also stated that affordable or mid-income housing projects are the ones where the housing units do not exceed 200 sq m RERA carpet area 

Sixteen CEOs and economists lay out a roadmap to revive the economy

The government has come under tremendous pressure to meet its fiscal target due to a falling revenue collection and a series of measures taken in the last month to reinvigorate the sagging economy

In the fund, Rs 10,000 crore will be contributed by the central government and roughly the same amount will come from outside investors.

Experts believe the govt's decision to provide the last mile funding is a wrong approach and is unlikely to benefit majority of the projects, which are stuck in different stages of construction due to the definition of the projects under this scheme.

A Rs 20,000 crore fund, with government putting in half of the amount, will be set up to provide last-mile funding for housing projects that are not in bankruptcy court or already tagged as bad debt, Nirmala Sitharaman said at a press conference

Senior Finance Ministry officials met heads CPSEs and financial advisors of infrastructure ministries to devise measure to push capital expenditure, so as to pump liquidity and boost demand

As the private sector continues to struggle due to poor demand and declining sales, the government wants to utilise CPSEs' spending powers to boost liquidity

The Finance Minister has announced a mini-stimulus package to arrest the economic slowdown. But the economy needs much more than piecemeal solutions

Debt is not a bad thing when used judiciously to build assets and grow a business. But if the cost of funds become higher than the value it is creating, it becomes a problem

Corporate India's interest outgo is growing faster than its operating income. As sectoral issues combine with a slowdown to pull down earnings, servicing debt could become more challenging

Government will try to raise non-tax revenue through disinvestment and asset monetisation, said Niti Aayog Vice Chairman Rajiv Kumar.

The repo-linked borrowing by banks will help the new borrowers, but it is unlikely to scale up in a big way