 "NBFCs")
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
