Tag: PCGS 2.0

Partial Credit Guarantee Scheme (PCGS 2.0) : Hits and Misses

Finance Minister, Nirmala Sitharaman last week, as part of Covid Relief Atmanirbhar package had announced Partial Credit Guarantee Scheme 2.0 (PCGS 2.0) for Micro Finance Institutions (MFIs) and Non- Banking Financial Companies. The stated objective of the scheme is “to address temporary liquidity/cashflow mismatches of otherwise solvent NBFCs/HFCs/MFIs without having to resort to distress sale of their assets for meeting their commitments, and to enable availability of additional liquidity to them for on lending”. ISF in an article published on […]

India needs PCG 2.0 and not TLTRO 2.0!

Over the past few days, RBI Governor has been actively engaging with the various industry bodies of the financial sector – NBFCs, MFIs, HFCs, Mutual Fund, IBA ( PSU and Private Banks) to gauge the needs of the stakeholders and also to specifically understand the rationale for lower subscription of TLTRO 2.0. In the below article, we discuss ‘ Why the economy needs Partial Credit Guarantee Scheme (2.0) and not the much publicised TLTRO 2.0 ? ‘ : A. The […]

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