‘Partial Credit Guarantee Scheme’ approved by Cabinet

Partial Credit Guarantee Scheme Cabinet WHAT Union Cabinet approves “Partial Credit Guarantee Scheme” for purchase of high-rated pooled assets from financially sound Non-Banking Financial Companies (NBFCs) / Housing Finance Companies (HFCs) by Public Sector Banks (PSBs)   FEATURES Partial Credit Guarantee Scheme”, to be offered by the Government of India to PSBs for purchasing high-rated pooled assets from financially sound NBFCs / HFCs, with the amount of overall guarantee being limited to first loss of…