Finance Explained: How will Govt easing partial credit guarantee scheme norms help NBFCs and who will be eligible? Updated : May 21, 2020 02:58 PM IST The government recently relaxed the norms of the Partial Credit Guarantee Scheme (PCGS) worth Rs 45,000 crore to include a larger number of NBFCs, HFCs and micro finance institutions. The extension of the existing scheme will address the liability side concerns, the government said. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.