educratsweb logo


The Special Liquidity Scheme of Rs. 30,000 crore for NBFCs and HFCs is being implemented w.e.f. 1st July, 2020 as a follow up of one of the announcements under Aatma Nirbhar Bharat package made by the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman  on 13th May, 2020. The Scheme has been launched to improve the liquidity position of NBFCs/HFCs through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector.

The Scheme has received a very positive response. As on 23rd July, 2020, five (5) proposals involving an amount of Rs. 3090 crore have already been sanctioned. Further, 35 more applications have been received seeking financing upto Rs. 13776 crore, which are under process.

The Scheme is being implemented by SLS Trust, the SPV set up by SBI Capital Markets Limited (SBICAP). Any NBFC including Microfinance Institutions registered with RBI under the Reserve Bank of India Act, 1934 (excluding those registered as Core Investment Companies) and any HFC registered with the National Housing Bank (NHB) under the National Housing Bank Act, 1987 which is complying with certain specified conditions are eligible to raise funding from this facility.  The Scheme will remain open for 3 months for making subscriptions by the Trust. The Scheme permits both primary and secondary market purchases of debt and seeks to address the short-term liquidity issues of NBFCs/HFCs. Therefore, those market participants who are looking to exit their standard investments with a residual maturity of 90 days may also approach the SLS Trust.

Special Liquidity Scheme for NBFCs and HFCs: Implementation Status
Contents shared By educratsweb.com

if you have any information regarding Job, Study Material or any other information related to career. you can Post your article on our website. Click here to Register & Share your contents.
For Advertisment or any query email us at educratsweb@gmail.com

RELATED POST
1. Shri G C Murmu Takes over as C&AG of India
2. Gadkari emphasises upon improving MSME footprint in 115 aspirational districts*
3. Dawn of A New Era of Peace, Progress & Prosperity in Jammu, Kashmir and Ladakh : A Series of Road & Highway Projects to Give Impetus to Growth
4. Union Minister of Panchayati Raj & Rural Development Shri Narendra Singh Tomar distributes National Panchayat Awards 2020
5. PM message on National Handloom Day
6. Union Minister of Textiles and Women & Child Development, Smt Smriti Zubin Irani extends greetings on the occasion of the 6th National Handloom Day
7. Union Minister Shri Ram Vilas Paswan urges States and UTs to fully implement One Nation One Ration Card scheme without any delay
8. PM expresses grief over loss of lives due to plane accident in Kozhikode
9. Inaugural run of Devlali-Danapur Kisan Rail flagged off
10. Vice President asks civil servants to be pro-active change-agents in building a New India
11. Trifed Launches its Own Virtual Office Network to Spearhead Tribal Socio-Economic Development on its 33rd Foundation day
12. Letter of Recommendation module launched to include vendors who don’t have Identity Card and Certificate of Vending under PM SVANidhi
13. Agriculture Mechanization and Technology Division takes various initiatives for farmers’ welfare under Atma Nirbhar Bharat Abhiyaan/Krishi
14. Proposals for the construction of nearly 10.28 Lakh houses approved under PMAY(Urban)
15. English rendering of text of PM’s speech at Higher Education Conclave
16. TRIFED Reiterates its commitment towards transformation of tribal lives on the occasion of its Thirty-Third Foundation Day
17. PM delivers inaugural addresses at the Higher Education Conclave
18. Prof. (Dr.) Pradeep Kumar Joshi takes oath as Chairman, UPSC
19. PM inaugurates Rashtriya Swachhata Kendra - an interactive experience centre on the Swachh Bharat Mission
20. PM to inaugurate Rashtriya Swachhata Kendra tomorrow
21. MyGov Announces Winners of ‘AatmaNirbhar Bharat App Innovation Challenge’; Encourages the Spirit of Self-Reliance & Innovation
22. 21 ESIC Hospitals Converted into Dedicated COVID-19 Hospitals Across the Country with the Facility of 2400 Isolation Beds: Santosh Gangwar
23. Lord Ram temple will boost the Religious/Spiritual tourism- Tourism Minister
24. National Handloom Day on 07th August 2020- Function being organized by Ministry of Textiles on Virtual Platform
25. Shadesmart & Radiant Cooling technologies promote energy-efficient cooling in buildings
26. PM condoles the loss of lives due to fire at hospital in Ahmedabad
27. Jal Jeevan Mission: A reservoir of clean water & employment opportunities
28. Curriculum redesigning for NSNIS Diploma and strengthening faculty at NCSC among key decisions taken by SAI Academic Council
29. Pradhan Mantri Garib Kalyan Anna Yojana Phase-I
30. PM to launch financing facility under Agriculture Infrastructure Fund and release benefits under PM-KISAN tomorrow
31. PM performs Bhoomi Pujan at Shree Ram Janmabhoomi Mandir
32. Pradhan Mantri Garib Kalyan Anna Yojana Phase-I: April 2020 to June 2020
33. Goa joins MyGov Citizen Engagement Platform; 12 states had already launched their MyGov Platforms
34. Payroll Reporting in India – A Formal Employment Perspective
35. Sports Minister Kiren Rijiju said on Friday that the ministry will launch Target Olympic Podium Scheme (TOPS) Junior to groom young athletes for the 2024 and 2028 Olympics.
36. Average completion time for houses under restructured Pradhan Mantri Awaas Yojana-Gramin comes down to 114 days; 1.10 crore houses completed which includes houses to 1.46 lakh landless beneficiaries
37. PM pays homage to armed forces on Kargil Vijay Diwas
38. PM greets CRPF personnel on 82nd Raising Day
39. Shri Sadananda Gowda launches Schemes and announces guidelines paving way for setting up of Bulk Drugs Parks & Medical Devices Parks in the country
40. Statement by ECI
41. MNRE issues fresh advisory against fraudulent websites inviting registration underPM-KUSUMScheme
42. Continuous action is being taken to control locust swarms - Control operations undertaken in 2,83,929 hectares area in Rajasthan, Madhya Pradesh, Punjab, Gujarat, Uttar Pradesh, Maharashtra, Chhattisgarh, Haryana and Bihar from 11th April 2020 till 9th July 2020
43. NHAI to collaborate and partner with premier Technical Institutes for improving Highway Infrastructure leveraging local expertise
44. English rendering of PM address on the occasion of World Youth Skills Day
45. Indian National Centre for Ocean Information Services, Hyderabad observes Swachhata Pakhwada
46. Union Shipping Minister flags off first container ship from Kolkata Port to Agartala via Chattogram port
47. Special Liquidity Scheme for NBFCs and HFCs: Implementation Status
48. Government employees retiring during COVID pandemic will be receiving “provisional" pension till their regular Pension Payment Order is issued: Dr. Jitendra Singh
49. Eco-friendly Synthesis of Gold Nanoparticles from Antarctic Bacteria for Therapeutic Use
50. Dr. Harsh Vardhan participates in 2nd Empathy e-Conclave on World Hepatitis Day for creating awareness among parliamentarians
We would love to hear your thoughts, concerns or problems with anything so we can improve our website educratsweb.com ! visit https://forms.gle/jDz4fFqXuvSfQmUC9 and submit your valuable feedback.
Save this page as PDF | Recommend to your Friends

http://educratsweb(dot)com http://educratsweb.com/content.php?id=3000 http://educratsweb.com educratsweb.com educratsweb