Special Liquidity Scheme for NBFCs and HFCs: Implementation Status

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.