MY TIMES TODAY. Finance Minister Nirmala Sitharaman announced a Rs 30,000 crore Special Liquidity Scheme for the non-banking financial companies (NBFC), housing finance companies (HFC) and micro-finance institutions (MFI).
Rs 45,000 crore liquidity will also be given to NBFCs via partial credit guarantee scheme 2.0.
NBFCs, HFCs and MFIs who have low credit ratings require liquidity to do fresh lending to MSMEs and individuals under the partial credit guarantee scheme 2.0.
The securities will be fully guaranteed the government and will provide liquidity support for the sector and mutual funds and create confidence in the market, she added.