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24 proposals worth Rs 8,594 cr of stressed NBFCs, HFCs sanctioned so far under SLS

24 proposals worth Rs 8,594 cr of stressed NBFCs, HFCs sanctioned so far under SLS

Finance
NEW DELHI: The finance ministry on Saturday said 24 proposals worth Rs 8,594 crore of stressed NBFCs and HFCs have been sanctioned under the special liquidity scheme announced as part of the Rs 20.97 lakh crore 'Aatmanirbhar Bharat' package. The scheme, which was launched on July 1, permits both primary and secondary market purchases of debt and seeks to address the short-term liquidity issues of non-banking financial companies (NBFCs) and housing finance companies (HFCs). Sharing implementation status update of the Rs 30,000 crore Special Liquidity Scheme (SLS), Finance Minister Nirmala Sitharaman in a tweet said that 24 proposals with a total sanctioned amount of Rs 8,594 crore have been cleared as on August 21, while 17 more applications seeking financing of up to Rs 3,684.5 crore are ...