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Pre-Budget meeting: NBFCs seek easier credit flow, TLTRO benefits

Pre-Budget meeting: NBFCs seek easier credit flow, TLTRO benefits
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NBFCs seek relaxation in eligibility to recover loans under SARFAESI Act

Non-banking financial companies (NBFCs) have sought relaxation in eligibility to recover loans under the SARFAESI Act from the government.
In the pre-Budget meeting with Finance Minister Nirmala Sitharaman, the Finance Industry Development Council, a representative body for NBFCs, has suggested lowering the minimum ticket size of Rs 50 lakh for loans eligible to be recovered by NBFCs under SARFAESI Act.
The request has been made considering the recovery of small-ticket loans given to MSMEs, and proposes to bring parity in recovery of soured loans by banks and non-bank lenders, said Raman Aggarwal, co-chairman of the industry body.
The finance minister, in her Budget 2020-21, had proposed lowering the eligibility limit for debt recovery under the SARFAESI Act from asset size of Rs 500 crore to asset size of Rs 100 crore or loan size from Rs 1 crore to Rs 50 lakh. The NBFCs have also asked the government to expand the Partial Credit Guarantee Scheme 2.0 to include ba ....

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Rs 20 lakh crore package: Centre reviews dole, Oppn slams govt

Rs 20 lakh crore package: Centre reviews dole, Oppn slams govt
Mon, Dec 14 2020 07:01:49 PM
By Quaid Najmi
Mumbai, Dec 14 (IANS): In a detailed review, the Centre has stated that of the Rs 20 lakh crore AtmaNirbhar Bharat Package (ANBP) announced last May, the government has already disbursed a considerable amount under more than 21 categories while some other schemes are under implementation.
As per the official data after Union Finance Minister Nirmala Sitharaman s review last week, the Centre has declared the ANBP implementation with others en route - under the pillars outlined by Prime Minister Narendra Modi to pull the country out of the pandemic-cum-lockdown crisis. ....

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FM Sitharaman reviews progress of schemes under 3 packages

FM Sitharaman reviews progress of schemes under 3 packages
India
Published: Monday, December 14, 2020, 10:23 [IST]
New Delhi, Dec 14: Finance Minister Nirmala Sitharaman took stock of progress made under various schemes under the three Aatmanirbhar Bharat Packages (ANBP) to help revive economy hit hard by the outbreak of COVID-19 pandemic.
Following announcement by the Prime Minister, Sitharaman presented the details of the Rs 20.97 lakh crore ANBP 1.0 in a series of press conferences from May 13-17. It was followed by AatmaNirbhar Bharat Package 2.0 on October 12 and the third tranche on November 12.
Finance Minister Nirmala Sitharaman
Sitharaman on Friday concluded a comprehensive review of ANBP with the Secretaries of various Ministries and Departments concerned over three days, the Finance Ministry statement said on Sunday. ....

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Rs 20 lakh cr package: Centre reviews dole, Oppn slams govt

Rs 20 lakh cr package: Centre reviews dole, Oppn slams govt
By
Quaid Najmi ( IANS)
|
Published on
Mon, Dec 14 2020 18:18 IST
|
4 Views

New Delhi: Union Finance and Corporate Affairs Minister Nirmala Sitharaman addresses a press conference, in New Delhi on Nov 12, 2020. . Image Source: IANS News
Mumbai, Dec 14 : In a detailed review, the Centre has stated that of the Rs 20 lakh crore AtmaNirbhar Bharat Package (ANBP) announced last May, the government has already disbursed a considerable amount under more than 21 categories while some other schemes are under implementation.
As per the official data after Union Finance Minister Nirmala Sitharaman s review last week, the Centre has declared the ANBP implementation with others en route - under the pillars outlined by Prime Minister Narendra Modi to pull the country out of the pandemic-cum-lockdown crisis. ....

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