The cabinet also cleared a special liquidity scheme for NBFCs and housing finance firms as part of the package The Union cabinet on Wednesday cleared key proposals in the Centre’s ₹20 trillion economic package for the poor and businesses hit by the coronavirus pandemic.
The proposals approved include the ₹3 trillion emergency credit guarantee on loans by banks and non-bank lenders to micro, small and medium enterprises, the ₹10,000 crore scheme to support micro food processing units, ₹20,050 crore fisheries development scheme and a ₹3,109 crore scheme for distributing foodgrain to migrant workers.
The cabinet also cleared a special liquidity scheme for non-banking financial companies and housing finance firms, as part of the stimulus
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