special liquidity scheme

Aatmanirbhar Bharat: 24 proposals worth Rs 8,594 cr of stressed NBFCs, HFCs sanctioned so far under SLS

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Aatmanirbhar Bharat: 24 proposals worth Rs 8,594 cr of stressed NBFCs, HFCs sanctioned so far under SLS

The special liquidity scheme is open for three months for making subscriptions by the Trust. The finance ministry on Saturday said 24 proposals worth Rs 8,594 crore of stressed NBFCs and HFCs have been sanctioned under the special liquidity scheme announced as part of the Rs 20.97 lakh crore ‘Aatmanirbhar Bharat’ package. The scheme, which … Read more

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

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

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