Speaking at the press briefing on Wednesday, Finance Minister Nirmala Sitharaman launched a Special Liquidity Scheme worth ₹30,000 crore for MFIs, HFCs, and NBFCs as they have been struggling to raise capital amid COVID-19.
Investments under the Special Liquidity Scheme can be made in both secondary and primary market transactions in investment-grade through debt papers.
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Under this Special Liquidity Scheme, the securities will be fully guaranteed by the government of India.
MFIs, NBFCs, and HFCs who have low credit ratings require liquidity to do fresh lending to MSMEs under the partial credit guarantee scheme 2.0.