Govt clears Rs 30,000 cr special liquidity scheme for stressed NBFCs, HFCs
This is a post facto approval from the Cabinet as the scheme was announced as part of the first tranche of the Rs 21 lakh crore comprehensive economic package. The statement further said an SPV would be set up to manage a Stressed Asset Fund (SAF) whose special securities would be guaranteed by the government and purchased by the RBI only.
Source : The Economic Times
