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Sitharaman announces Rs 45 thousand crore liquidity infusion for NBFCs

Finance Minister Nirmala Sitharaman came to the aid of Non-Banking Financial Companies (NBFC) as she declared liquidity infusion of Rs 45 thousand crore for them. Housing Finance Companies (HFCs) and Micro Finance Institutions (MFIs) are bound to help as well. This can be considered as Partial Credit Guarantee Scheme 2.0 (PCGS) as a PCGS is in place already.

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