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Covid-19: NBFCs, rural construction activities exempt from lockdown restrictions

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NEW DELHI: The Union home ministry on Friday said it has exempted some more activities, from adhering to lockdown restrictions, including the functioning of Non Banking Financial Companies (NBFCs) and construction work in rural areas.

NBFCs, including housing finance companies (HFCs) and micro-finance institutions, effective 20 April, will be exempt from the restrictions during the extended lockdown but will be required to work with least possible staffing and maintain social distancing.

Functioning of co-operative credit societies, construction activities in rural areas, including water supply and sanitation related work, laying of power transmission lines and telecom optical fiber and cable, and related activities will also be allowed.

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