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Access to funds still a challenge for small, mid-sized NBFCs: FIDC

To address the liquidity challenges faced by NBFCs, HFCs and MFIs, the government had announced a special liquidity scheme of Rs 30,000 crore

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Furthermore, given the size of these NBFCs, their credit rating makes them ineligible for funding | Representative Image

Subrata Panda Mumbai

4 min read Last Updated : Jul 17 2020 | 2:00 AM IST

The Finance Industry Development Council (FIDC), an industry body for non-banking finance companies (NBFCs), has written to the finance minister saying that despite the several interventions made by the government and the central bank to provide liquidity to cash starved small and medium NBFCs, the situation has not changed significantly. Access to funding for these mid-sized NBFCs continues to be a challenge.

The industry body said that only the large NBFCs had benefited from the interventions made by the government and the central bank.

To address the liquidity challenges faced by NBFCs, HFCs and MFIs, the government had announced a

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