Shine india monthly magazine

Shine india monthly magazine

Shine india monthly magazine Published this article page no  86 Special Liquidity Scheme for NBFCsHFCsMFIs (Allocation Rs. 30000 crore) o Under this scheme investment will be made in both primary and secondary market transactions in investment grade debt paper of Nonbanking Financial Corporations (NBFCs)Housing Finance Corporations (HFCs)Microfinance Institutions (MFIs). o This will provide liquidity support for NBFCsHFCMFIs and mutual funds and create confidence in the market. o Securities generated under the scheme will be fully guaranteed by Government of India.  Partial Credit Guarantee Scheme (PCGS) 2.0 for NBFCs (Allocation Rs. 45000 crore) o The government had launched the PCGS for public sector banks (PSBs) (in 2019) to purchase highrated pooled assets from financially sound NBFCs and HFCs. o Need for PCGS 2.0 NBFCs HFCs and MFIs with low credit rating require liquidity to do fresh lending to MSMEs and individuals. o Operational details of PCGS 2.0  The existing PCGS scheme is to be extended to cover borrowings such as primary issuance of Bonds Commercial Papers (liability side of balance sheets) of such entities.  The first 20% of loss on default will be borne by the Guarantor i.e. Government of India.  AA rated commercial paper and below including unrated commercial paper will be eligible for investment (which is especially relevant for many MFIs) Shine india monthly magazine buy. 

Shine india monthly magazine