{"id":86214,"date":"2019-08-15T16:02:34","date_gmt":"2019-08-15T10:32:34","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=9205"},"modified":"2019-08-15T16:02:34","modified_gmt":"2019-08-15T10:32:34","slug":"government-issues-guidelines-for-%e2%82%b91-trillion-partial-credit-guarantee-for-nbfcs","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/government-issues-guidelines-for-%e2%82%b91-trillion-partial-credit-guarantee-for-nbfcs\/","title":{"rendered":"Government issues guidelines for \u20b91 trillion partial credit guarantee for NBFCs"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>Government has operationalised a partial guarantee scheme announced in the budget for non-banking and housing finance companies(NBFCs and HFCs).<\/li><li>The scheme provides for a one-time partial credit guarantee to Public sector banks(PSBs) for purchase of pooled assets of financially sound NBFCs.<\/li><li>The scheme aims to address temporary asset liability mismatches of otherwise solvent NBFCs\/HFCs without having to resort to distress sale of their assets to meet their commitments.<\/li><li>The validity of the scheme offered will be open from the date of issuance of the Scheme by the Government for a period of six months or till such date by which Rupees One lakh crore assets get purchased by banks,whichever is earlier.<\/li><li>The scheme was launched as the NBFCs including HFCs have been under stress following the series of defaults by group companies of Infrastructure Leasing &amp; Financial Services Ltd. (IL&amp;FS).<\/li><li>This stress on NBFCs was seen as a key reason for a slowdown in the economy.It has also caused reduced credit flow to small businesses and consumers.&nbsp;<\/li><li>However,this step is expected to provide liquidity to NBFCs and enable them to continue to play their role in meeting the financing requirements of productive sectors of economy.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Government has operationalised a partial guarantee scheme announced in the budget for non-banking and housing finance companies(NBFCs and HFCs). The scheme provides for a one-time partial credit guarantee to Public sector banks(PSBs) for purchase of pooled assets of financially sound NBFCs. The scheme aims to address temporary asset liability mismatches of otherwise solvent NBFCs\/HFCs without&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/government-issues-guidelines-for-%e2%82%b91-trillion-partial-credit-guarantee-for-nbfcs\/\">Continue reading <span class=\"screen-reader-text\">Government issues guidelines for \u20b91 trillion partial credit guarantee for NBFCs<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[928,3261],"class_list":["post-86214","post","type-post","status-publish","format-standard","hentry","category-economy","tag-nbfc","tag-public-sector-banks","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704810900},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86214"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86214\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}