“It has been decided to provide special refinance facilities for a total amount of Rs 50,000 crore to NABARD, SIDBI and NHB to enable them to meet sectoral credit needs” RBI governor Shaktikanta Das said in his media statement.
By Gayatri Nayak, ET Bureau|
Specialised lending institutions such as NABARD, NHB and SIDBI have been provided a liquidity facility of Rs. 50,000 crores to enable lending to SMEs and the housing sector.
Tightening of financial conditions in the wake of the COVID-19 pandemic has made it difficult for these institutions to raise resources from the market. “It has been decided to provide special refinance facilities for a total amount of Rs 50,000 crore to NABARD, SIDBI and NHB to enable them to meet sectoral credit n ..