shot-button
Subscription Subscription
Home > News > India News > Article > Five proposals worth Rs 3090 cr sanctioned under Aatmanirbhar Bharat

Five proposals worth Rs 3,090 cr sanctioned under Aatmanirbhar Bharat

Updated on: 25 July,2020 10:29 AM IST  |  New Delhi
ANI |

scheme has been launched to improve liquidity position of NBFCs/HFCs through a Special Purpose Vehicle to avoid any potential systemic risks to the financial sector

Five proposals worth Rs 3,090 cr sanctioned under Aatmanirbhar Bharat

Nirmala Sitharaman. File pic

The Central government on Friday said that the Special Liquidity Scheme of Rs 30,000 cr for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) is being implemented from July 1 this year as a follow up of one of the announcements under Aatmanirbhar Bharat package made by Finance Minister Nirmala Sitharaman on May 13.

The government said that as on July 23, 2020, five proposals involving an amount of Rs 3,090 crore have already been sanctioned.

"Scheme has received a very positive response. As on July 23, 2020, five proposals involving an amount of Rs 3,090 crores have already been sanctioned. Further, 35 more applications have been received seeking financing upto Rs 13,776 crores, which are under process," the government said.

"Scheme has been launched to improve liquidity position of NBFCs/HFCs through a Special Purpose Vehicle to avoid any potential systemic risks to the financial sector," the government added.


Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid- day Android and iOS apps to get latest updates.


Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news


This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK