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Government’s NBFC Support Scheme Helped Only A Few Non-Bank Lenders
Apart from a few small NBFCs, it was mostly well-established AA- rated NBFCs that raised funds through the scheme.
13 Oct 2020, 02:40 PM IST
The government’s special liquidity scheme for non-bank lenders may have helped shore up confidence but provided funding to only a handful of lenders, according to industry executives and debt market bankers.In May this year, the government had introduced a Rs 30,000-crore scheme via which non-banking financial companies could raise short-term funds with the backing of a government guarantee. Under the scheme, the government will prov...
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