Nirmala Sitharaman covid-19 Government crisis Nirmala Sitharaman

Will govt’s fresh package for NBFCs help debt MFs holding their paper?

Reading now: 999
www.livemint.com

Finance minister Nirmala Sitharaman on Wednesday announced a fresh set of measures for non-banking finance companies (NBFCs), housing finance companies (HFCs) and micro finance institutions (MFIs) as part of the government’s economic rescue package for the covid-19 crisis.

It allocated an amount of ₹30,000 crore for the purchase of investment grade debt of NBFCs, HFCs and MFIs. The second measure is a partial guarantee scheme worth ₹45,000 crore on primary market paper issued by NBFCs.

Out of the two measures, the first one affects debt funds the most, as it allows for both primary and secondary markets purchases.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA