Lets check what measures taken by Reserve Bank of India under Self Reliant India (आत्म निर्भर भारत अभियान)

  1. Announced special refinance facilities to NABARD, SIDBI and the NHB for a total amount of 50,000 crores at the policy repo rate
  2. Announced the opening of a special liquidity facility (SLF) of 50,000 crores for mutual funds to alleviate intensified liquidity pressures
  3. A moratorium of three months on payment of installments and payment of Interest on Working Capital Facilities in respect of all Term Loans
  4. Easing of Working Capital Financing by reducing margins
  5. For loans by NBFCs to commercial real estate sector, additional time of one year has been given for extension of the date for commencement for commercial operations (DCCO).
  6. Reduction of Cash Reserve Ratio (CRR) has resulted in liquidity enhancement of ₹1,37,000 crores
  7. Targeted Long-Term Repo Operations (TLTROs) of ₹1,00,050 crore for fresh deployment in investment-grade corporate bonds, commercial paper, and non-convertible debentures.
  8. TLTRO of Rs.50,000 crore for investing them in investment-grade bonds, commercial paper, and non-convertible debentures of NBFCs, and MFIs.
  9. Increased the banks’ limit for borrowing overnight under the marginal standing facility (MSF), allowing the banking system to avail an additional ₹1,37,000 crore of liquidity at the reduced MSF rate.

Priyansh Minocha

Priyansh Minocha is C.E.O and Director at Amonest India Private Limited and Founder at Casolutionsglobal

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