Money & Banking

AIFIs to get liquidity support of ₹50,000 cr

Our Bureau. Mumbai | Updated on April 07, 2021

The Reserve Bank of India (RBI), on Wednesday, said it will provide liquidity support aggregating ₹50,000 crore to All India Financial Institutions (AIFIs) – NABARD, NHB and SIDBI – for fresh lending.

The National Bank for Agriculture and Rural Development (NABARD) will get ₹25,000 crore; National Housing Bank/NHB (₹10,000 crore); and Small Industries Development Bank of India/SIDBI (₹15,000 crore)

The RBI had provided special refinance facilities of ₹75,000 crore to NABARD, SIDBI, NHB and Export-Import Bank of India during April-August 2020.

“To nurture the still nascent growth impulses, it is felt necessary to support continued flow of credit to the real economy.

“Accordingly, liquidity support of ₹50,000 crore for fresh lending during 2021-22 will be provided to AIFIs: ₹25,000 crore to NABARD; ₹10,000 crore to NHB; and ₹15,000 crore to SIDBI,” said the RBI in its Statement on Developmental and Regulatory Policies.

Published on April 07, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like