Money & Banking

NBFCs included in TLTRO ‘on tap’ scheme

Our Bureau Mumbai | Updated on February 05, 2021

RBI Governor Shaktikanta Das   -  PTI

They act as a force multiplier in expanding credit to various sectors, says RBI Governor

The Reserve Bank of India on Friday proposed to provide funds from banks under the TLTRO ‘on tap scheme’ to NBFCs for incremental lending to these sectors.

Reserve Bank of India Governor Shaktikanta Das said NBFCs are well recognised conduits for reaching out last mile credit and act as a force multiplier in expanding credit to various sectors.

“With a view to support revival of activity in specific stressed sectors that have both backward and forward linkages and have multiplier effects on growth, the RBI had announced the TLTRO on Tap Scheme for banks on October 9, 2020,” Das said on Friday.

Published on February 05, 2021

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