Rs 3,100 cr sanctioned for 5 proposals under scheme for NBFCs and HFCs

35 more applications for Rs 13,776 cr being processed

An amount of Rs 3,090 crore was sanctioned for five proposals on Thursday under the special liquidity scheme for non-banking finance companies (NBFCs) and housing finance companies (HFCs), announced under the Atmanirbhar Bharat package.

Further, 35 more applications seeking financing up to Rs 13,776 crore are being processed. 

The special liquidity scheme of Rs 30,000 crore for NBFCs and HFCs, which has been in force since July 1, was launched to improve the liquidity position of NBFCs and HFCs through a special purpose vehicle (SPV) to avoid any potential systemic risks to the financial sector.

The scheme is being implemented by SLS Trust, the SPV set up by SBI Capital Markets Limited (SBICAP). 

Market participants looking to exit their standard investments with a residual maturity of 90 days may also approach the SLS Trust