India's NBFC body urges government to create liquidity facility for priority sector lending

Show Business and Finance Publications

Sat, January 4, 2025

[ Sat, Jan 04th ]: MSN

9 Income Streams You Can Build While Still an Employee, According to Codie Sanchez

Fri, January 3, 2025

[ Fri, Jan 03rd ]: BBC

China's overqualified youth taking jobs as drivers, labourers and film extras

[ Fri, Jan 03rd ]: Forbes

Sourcing And Financing High-Quality Receivables In 2025: An Untapped Potential In Private Credit

[ Fri, Jan 03rd ]: Reuters

Fannie Mae, Freddie Mac shares surge after federal agencies reveal privatization path

[ Fri, Jan 03rd ]: AOL

The Crystal Ball: Envisioning how AI will shape our world in 2025

[ Fri, Jan 03rd ]: cnbctv18

Mahindra Finance Q3 disbursements rise 7%, business assets climb 18%

[ Fri, Jan 03rd ]: Reuters

India's Kotak Mahindra Bank's Milind Nagnur steps down as COO, CTO

[ Fri, Jan 03rd ]: Forbes

Redefining Value And Innovation In A New Era Of Relationship Capital

[ Fri, Jan 03rd ]: voguebusiness

Cut From AnOther Cloth: Dhruva Chandramouli and Jenny Chim

[ Fri, Jan 03rd ]: AOL

These 5 Artificial Intelligence (AI) Stocks Make Up 28.8% of the Entire S&P 500 Index

[ Fri, Jan 03rd ]: AOL

Are airline credit cards worth it? Yes, but there's one big catch.

[ Fri, Jan 03rd ]: Mint

Davin Sons Retail IPO Day 2: Subscription status, .. GMP, price band and other details about SME issue

[ Fri, Jan 03rd ]: MSN

Bajaj Housing shares may dive 21%, believes Kotak Equities. Initiates coverage with Rs 100 target

[ Fri, Jan 03rd ]: MSN

Best Reverse Mortgage Companies of 2025

[ Fri, Jan 03rd ]: Forbes

10 Must-Read Tech Books Of 2024

[ Fri, Jan 03rd ]: MSN

Charles Schwab Bank Review

[ Fri, Jan 03rd ]: cnbctv18

GST in Transition: A look back at 2024 and what's ahead in 2025

Thu, January 2, 2025

[ Thu, Jan 02nd ]: Indiatimes

Sensex Today | Stock Market LIVE Updates: Sensex .. tests 24,200; DMart soars 10%, Hero Moto sheds 3%

[ Thu, Jan 02nd ]: Indiatimes

Sensex Today | Stock Market LIVE Updates: GIFT Ni .. gnals a negative start; Asian shares trade higher

[ Thu, Jan 02nd ]: Reuters

India's NBFC body urges government to create liquidity facility for priority sector lending

[ Thu, Jan 02nd ]: Law

Deal Watch: Latham, Paul Weiss, Debevoise Land on .. -End Big Deals. Plus, Mixed Messages for 2025 M&A

[ Thu, Jan 02nd ]: AOL

Turo explainer: The car-rental app used in the Las Vegas, New Orleans attacks

[ Thu, Jan 02nd ]: WHKY

New Laws In Effect In North Carolina

[ Thu, Jan 02nd ]: AOL

5 tech CFOs predict how AI will shape finance

[ Thu, Jan 02nd ]: Fortune

How to become a financial advisor: 4 steps to a life-long career

[ Thu, Jan 02nd ]: Reuters

SoFi shares fall after KBW downgrade on valuation concerns

[ Thu, Jan 02nd ]: Upstream

Oil majors revamp refineries as renewable fuels demand expected to recover in 2025

[ Thu, Jan 02nd ]: Tuko

List of 7 Multi-Billion Business Deals President Ruto Inked in 2024

[ Thu, Jan 02nd ]: Forbes

Alternative Investments: Expanding Your Portfolio Beyond Traditional Assets

[ Thu, Jan 02nd ]: privatebankerinternational

What about AI and private banking in 2025?

[ Thu, Jan 02nd ]: KOSU

Agriculture economy enters 2025 with weak forecast

[ Thu, Jan 02nd ]: MSN

Four coins to watch in January 2025 that could outperform Ethereum (ETH) and Tron (TRX)

[ Thu, Jan 02nd ]: Goodreturns

Good News For Taxpayers! Now, You Can Claim Tax R .. Section 87A; Eligibility, Benefits, How To Claim?

[ Thu, Jan 02nd ]: MSN

B2B infra, AI and DPI plans are brewing at 2025-ready fintech

[ Thu, Jan 02nd ]: Tuko

Makueni Space Object: Kenya, Other Countries Where Rocket Parts Mistakenly Fell

[ Thu, Jan 02nd ]: MSN

The danger areas ahead for the global economy in 2025

[ Thu, Jan 02nd ]: cnbctv18

Gift vouchers and cards not liable to GST: All you need to know

[ Thu, Jan 02nd ]: Forbes

5 Ideas To Make Money Online From Podcasts In 2025

Wed, January 1, 2025

[ Wed, Jan 01st ]: Reuters

South Korea to spur foreign inflows by easing rules on FX trading

[ Wed, Jan 01st ]: Cosmopolitan

Leo 2025 Horoscope Predictions: Career, Love, and Finance

[ Wed, Jan 01st ]: Couriermail

One dead, several injured as Tesla Cybertruck exp .. es outside Trump International Hotel in Las Vegas

[ Wed, Jan 01st ]: omanobserver

New guidelines for govt contracts

[ Wed, Jan 01st ]: Cosmopolitan

Aquarius 2025 Horoscope Predictions: Career, Love, and Finance

[ Wed, Jan 01st ]: inforum

An overview of Minnesota's cannabis industry in 2024 and what to expect in 2025

[ Wed, Jan 01st ]: cnbctv18

VFS Capital applies for small finance bank licence

[ Wed, Jan 01st ]: CNET

If You Made Money via PayPal, Venmo or Cash App in 2024, Get Ready for This IRS Tax Change

[ Wed, Jan 01st ]: MSN

82% of Andhra CM Naidu's Rs 931 cr wealth due to family shares in Manmohan-era retail firm

[ Wed, Jan 01st ]: MSN

How To Financially Plan for the New Year Under the New Trump Presidency

India's NBFC body urges government to create liquidity facility for priority sector lending

//business-finance.news-articles.net/content/202 .. uidity-facility-for-priority-sector-lending.html

Published in Business and Finance on Thursday, January 2nd 2025 at 20:20 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

An industry body for India's non-banking finance companies (NBFCs) has asked the government to create a refinance or liquidity facility to boost lending to priority sectors such as agriculture, medium and small enterprises,

210x110/7469 Bytes

The Finance Industry Development Council (FIDC), representing non-banking finance companies (NBFCs) in India, has requested the government to establish a liquidity facility specifically for priority sector lending. This appeal comes in light of the challenges NBFCs face in accessing funds, particularly after the liquidity crisis triggered by the IL&FS default in 2018. The FIDC highlighted that while banks have access to a special liquidity facility for priority sector lending, NBFCs do not, which hampers their ability to lend to sectors like agriculture, small businesses, and housing for the economically weaker sections. The council proposed that this facility could be managed by the Small Industries Development Bank of India (SIDBI) or the National Bank for Agriculture and Rural Development (NABARD), and suggested that the government could fund it through the Long Term Irrigation Fund or the Rural Infrastructure Development Fund. This initiative aims to enhance liquidity for NBFCs, thereby supporting broader economic growth and financial inclusion.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/india/indias-nbfc-body-urges-government-create-liquidity-facility-priority-sector-2025-01-02/ ]