partial credit guarantee scheme

Partial credit guarantee: Government eases rules to benefit more NBFCs 

by
1 620

The government has said AA-rated papers and below, including unrated papers, will be eligible for investment. The government on Monday extended the validity of its partial credit guarantee scheme (PCGS) 2.0 by three months to November 19 to improve liquidity for low-rated shadow lenders and enabled state-run banks to raise their AA and AA- investment … Read more

Govt eases credit guarantee scheme norms to ensure more liquidity for stressed NBFCs/HFCs

by
1 388

The maximum amount of guaranteed emergency credit line (GECL) funding under the scheme would also correspondingly increase from Rs 5 crore at present to Rs 10 crore. With a view to provide additional liquidity to crisis-ridden NBFCs and housing finance companies (HFCs), the government on Monday relaxed norms for Partial Credit Guarantee Scheme (PCGS) for … Read more