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Explained | Government's helping hand to NBFCs

Updated : June 08, 2020 01:46 PM IST

Finance Minister Nirmala Sitharaman recently announced two schemes for NBFCs, one of which was rolled out last week and the other is expected to be launched shortly.

From a special window of Rs 30,000 crore to partial credit guarantee via PSU banks, the government’s initiative seems to be a boon for NBFCs that have been faced with numerous hardships due to the coronavirus pandemic.

Latha Venkatesh, Banking and Commodities Editor at CNBC-TV18, digs deep into the two schemes and explains how they would help NBFCs.

Watch the video for more.
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