{"id":1336,"date":"2019-11-12T04:44:51","date_gmt":"2019-11-12T04:44:51","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/11\/12\/nbfcs-to-get-rs-20000-crore-under-credit-guarantee-scheme\/"},"modified":"2019-11-12T04:44:51","modified_gmt":"2019-11-12T04:44:51","slug":"nbfcs-to-get-rs-20000-crore-under-credit-guarantee-scheme","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/11\/12\/nbfcs-to-get-rs-20000-crore-under-credit-guarantee-scheme\/","title":{"rendered":"NBFCs to get Rs 20,000 crore under credit guarantee scheme"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-1761699\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/11\/1-326.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/1-326.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/1-326-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/1-326-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/1-326-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"size-full wp-image-1761699\" src=\"https:\/\/images.financialexpress.com\/2019\/11\/1-326.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/1-326.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/1-326-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/1-326-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/1-326-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">The credit guarantee scheme was set up to enable cash-strapped NBFCs to raise money smoothly from banks for on-lending in priority sectors.<\/span><\/figure>\n<\/div>\n<p>The government is in the process of sanctioning Rs. 20,000 crore under the partial credit guarantee scheme for non-banking financial companies (NBFCs), finance secretary Rajiv Kumar said on Monday.<\/p>\n<p>\u201cWe have supporting sanctions of Rs. 20,000 crore plus and the guarantee is being extended. Some formalities are being done, each case goes to the government to clear it and that is taking little time,\u201d he said on the sidelines of an event to celebrate Union Bank of India\u2019s 101st foundation day.<\/p>\n<p>\u201cEverybody may not need it. Also, it is not necessary that you fund it. Banks have been buying pooled assets since August last year after (defaults by) IL&amp;FS. They have already spent around Rs. 1 lakh crore,\u201d Kumar said.<\/p>\n<p>The credit guarantee scheme was set up to enable cash-strapped NBFCs to raise money smoothly from banks for on-lending in priority sectors.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-3168841637\"><div id=\"jobbi-1144375669\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] The credit guarantee scheme was set up to enable cash-strapped NBFCs to raise money smoothly from banks for on-lending in priority sectors. The government is in the process of sanctioning Rs. 20,000 crore under the partial credit guarantee scheme for non-banking financial companies (NBFCs), finance secretary Rajiv Kumar said on Monday. \u201cWe have supporting [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":1337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=1336"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/1337"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=1336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=1336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=1336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}