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World Bank likely to offer seed investment in Shelter Fund:OPS

Press Trust of India  |  Chennai 

The has evaluated the for attracting investments in the affordable housing segment and is likely to provide seed investment, O said Friday.

The has registered the Fund with market regulator SEBI to attract domestic and global investors.

"The fund would be deployed to create environment friendly, quality affordable houses for sale to the poor and middle class families," said, while presenting the budget for 2019-20, here.

In 2018, the government had received the nod from to launch the fund.

Panneerselvam, who holds the ministry portfolio, said, the fund would also be used to set up affordable hostel facilities for working women to address their needs and also to senior citizens and the differently abled.

"The has evaluted this fund and is likely to provide seed investment.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 08 2019. 18:00 IST