- Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) to improve their liquidity position through the Partial Credit Guarantee Scheme (PCGS).
- Under the scheme a Special Purpose Vehicle (SPV) would be set up to manage a Stressed Asset Fund (SAF) of the NBFCs/ HFCs.
- The SPV will issue securities, which would be guaranteed by the Government of India and purchased by the Reserve Bank of India (RBI) only.
- The proceeds of sale of such securities would be used by the SPV to acquire short-term debt of NBFCs/HFCs.
- The Scheme will be administered by the Department of Financial Services (Ministry of Finance).
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