Special liquidity scheme for NBFCs and HFCs through a SPV: RBI

Mumbai: The Reserve Bank of India (RBI) on Wednesday said the government has approved a special liquidity scheme for non-banking finance companies (NBFCs) and housing finance companies (HFCs) to improve their liquidity position in order to avoid any potential systemic risks to the financial sector.RBI laid out eligibility criteria for such special liquidity scheme and it includes registered NBFCs, micro-finance institutions (MFIs) and HFCs under respective laws.