Special Liquidity Scheme
- On 20th May, 2020, the government announced a new Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) to improve liquidity position of the NBFCs/HFCs.This facility would supplement the liquidity measures taken so far by the Government and RBI.
Key Details
- The Government has proposed a framework for addressing the liquidity constraints of Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) through a Special Liquidity Scheme.
- A Special Purpose Vehicle(SPV) would be set up to manage a Stressed Asset Fund (SAF).
- The special securities of SAF would be guaranteed by the Government of India and purchased ....
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