Sitharaman announced a special liquidity scheme of Rs 30,000 crore for NBFCs, housing finance companies (HFCs) and MFIs, which are finding it difficult to raise money from the debt markets.
At least $100 million will be earmarked for women-owned micro, small and medium enterprises
Government policy, including buying farm products at higher-than-market prices along with a bigger budget aimed at boosting the rural economy, is already benefiting Mahindra Financial
The stock hit high of Rs 401 is trading close to its record high of Rs 405 touched on October 2016.
WIth more than 16,000 employees in over 1,000 branches across India it is one of the leading NBFCs
The company recommended a dividend of Rs 4 per equity share to the shareholders for the FY16.
The stock rallied 7% to Rs 295 on the NSE in early morning trade.