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ET Markets

Cabinet set to provide big relief for NBFCs, HFCs

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The Union Cabinet is soon going to clear another set of measures aimed at providing a big relief to the non-banking finance companies (NBFC) and housing finance players (HFC), ETNow reported quoting sources.“There may be a further relaxation in the partial credit guarantee scheme,” the report said, adding that the Finance Ministry is in favour of strengthening the measures to aid liquidity in NBFCs.The partial credit guarantee for NBFCs may now be extended to BBB+ assets.

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