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Which of the following institutions are eligible for liquidity support under the Aatma Nirbhar Bharat Abhiyaan recently announced by the Union Minister of Finance?
1. Non-banking financial companies (NBFCs)
2. Housing finance companies (HFCs)
3. Microfinance institutions (MFIs)
Select the correct answer using the code given below:
- a)1 and 2 only
- b)2 and 3 only
- c)1 and 3 only
- d)1, 2 and 3
Correct answer is option 'D'. Can you explain this answer?
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Which of the following institutions are eligible for liquidity suppor...
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Union Minister of Finance announced further liquidity support to non-banking financial companies (NBFCs), housing finance companies (HFCs), and microfinance institutions (MFIs) under the Aatma Nirbhar Bharat Abhiyaan. Hence all the options are correct.
Key-Points Rs. 45,000 crores Partial credit guarantee Scheme 2.0 for Liabilities of NBFCs/MFIs.
- Rs. 30,000 crores Special Liquidity Scheme for NBFC/HFC/MFIs.
- The government will launch Rs 30,000 crore Special Liquidity Scheme; liquidity is provided by RBI.
- The investment will be made in primary and secondary market transactions in investment-grade debt papers of NBFCs, HFCs, and MFIs.
- This will be 100 per cent guaranteed by the Government of India.
- The existing Partial Credit Guarantee scheme is being revamped and now will be extended to cover the borrowings of lower-rated NBFCs, HFCs, and other Micro Finance Institutions (MFIs).
- The government of India will provide a 20 per cent first loss of sovereign guarantee to Public Sector Banks.
Most Upvoted Answer
Which of the following institutions are eligible for liquidity suppor...
The correct answer is option 'D' - 1, 2, and 3.
Under the Aatma Nirbhar Bharat Abhiyaan, the Union Minister of Finance announced liquidity support for various institutions to help them overcome the economic challenges caused by the COVID-19 pandemic. The eligible institutions for liquidity support include:
1. Non-banking financial companies (NBFCs):
NBFCs are financial institutions that provide banking services without meeting the legal definition of a bank. They play a crucial role in providing credit to individuals and small businesses. Due to the economic slowdown caused by the pandemic, NBFCs have faced liquidity constraints and need support to continue their lending activities. The liquidity support under the Aatma Nirbhar Bharat Abhiyaan aims to provide them with the necessary funds to ensure the flow of credit in the economy.
2. Housing finance companies (HFCs):
Housing finance companies are specialized financial institutions that provide loans for purchasing or constructing residential properties. Like NBFCs, HFCs have also faced liquidity issues in the wake of the COVID-19 crisis. The liquidity support announced by the Union Minister of Finance aims to address these issues and ensure that HFCs can continue to provide housing loans to individuals and promote the real estate sector.
3. Microfinance institutions (MFIs):
Microfinance institutions are organizations that provide financial services, such as small loans, savings accounts, and insurance, to low-income individuals and micro-enterprises. These institutions play a crucial role in promoting financial inclusion and poverty alleviation. However, due to the lockdown measures and economic disruptions caused by the pandemic, MFIs have faced significant challenges in collecting repayments and maintaining liquidity. The liquidity support under the Aatma Nirbhar Bharat Abhiyaan aims to provide them with the necessary funds to overcome these challenges and continue their operations.
Overall, the liquidity support under the Aatma Nirbhar Bharat Abhiyaan is aimed at ensuring the smooth functioning of financial institutions and maintaining the flow of credit in the economy, which is essential for economic recovery and growth. By providing liquidity support to NBFCs, HFCs, and MFIs, the government aims to address the liquidity constraints faced by these institutions and enable them to continue their lending activities, thereby supporting businesses, individuals, and the overall economy.
Under the Aatma Nirbhar Bharat Abhiyaan, the Union Minister of Finance announced liquidity support for various institutions to help them overcome the economic challenges caused by the COVID-19 pandemic. The eligible institutions for liquidity support include:
1. Non-banking financial companies (NBFCs):
NBFCs are financial institutions that provide banking services without meeting the legal definition of a bank. They play a crucial role in providing credit to individuals and small businesses. Due to the economic slowdown caused by the pandemic, NBFCs have faced liquidity constraints and need support to continue their lending activities. The liquidity support under the Aatma Nirbhar Bharat Abhiyaan aims to provide them with the necessary funds to ensure the flow of credit in the economy.
2. Housing finance companies (HFCs):
Housing finance companies are specialized financial institutions that provide loans for purchasing or constructing residential properties. Like NBFCs, HFCs have also faced liquidity issues in the wake of the COVID-19 crisis. The liquidity support announced by the Union Minister of Finance aims to address these issues and ensure that HFCs can continue to provide housing loans to individuals and promote the real estate sector.
3. Microfinance institutions (MFIs):
Microfinance institutions are organizations that provide financial services, such as small loans, savings accounts, and insurance, to low-income individuals and micro-enterprises. These institutions play a crucial role in promoting financial inclusion and poverty alleviation. However, due to the lockdown measures and economic disruptions caused by the pandemic, MFIs have faced significant challenges in collecting repayments and maintaining liquidity. The liquidity support under the Aatma Nirbhar Bharat Abhiyaan aims to provide them with the necessary funds to overcome these challenges and continue their operations.
Overall, the liquidity support under the Aatma Nirbhar Bharat Abhiyaan is aimed at ensuring the smooth functioning of financial institutions and maintaining the flow of credit in the economy, which is essential for economic recovery and growth. By providing liquidity support to NBFCs, HFCs, and MFIs, the government aims to address the liquidity constraints faced by these institutions and enable them to continue their lending activities, thereby supporting businesses, individuals, and the overall economy.
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Which of the following institutions are eligible for liquidity support under the Aatma Nirbhar Bharat Abhiyaan recently announced by the Union Minister of Finance?1. Non-banking financial companies (NBFCs)2. Housing finance companies (HFCs)3. Microfinance institutions (MFIs)Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?
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Which of the following institutions are eligible for liquidity support under the Aatma Nirbhar Bharat Abhiyaan recently announced by the Union Minister of Finance?1. Non-banking financial companies (NBFCs)2. Housing finance companies (HFCs)3. Microfinance institutions (MFIs)Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following institutions are eligible for liquidity support under the Aatma Nirbhar Bharat Abhiyaan recently announced by the Union Minister of Finance?1. Non-banking financial companies (NBFCs)2. Housing finance companies (HFCs)3. Microfinance institutions (MFIs)Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following institutions are eligible for liquidity support under the Aatma Nirbhar Bharat Abhiyaan recently announced by the Union Minister of Finance?1. Non-banking financial companies (NBFCs)2. Housing finance companies (HFCs)3. Microfinance institutions (MFIs)Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.
Which of the following institutions are eligible for liquidity support under the Aatma Nirbhar Bharat Abhiyaan recently announced by the Union Minister of Finance?1. Non-banking financial companies (NBFCs)2. Housing finance companies (HFCs)3. Microfinance institutions (MFIs)Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following institutions are eligible for liquidity support under the Aatma Nirbhar Bharat Abhiyaan recently announced by the Union Minister of Finance?1. Non-banking financial companies (NBFCs)2. Housing finance companies (HFCs)3. Microfinance institutions (MFIs)Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following institutions are eligible for liquidity support under the Aatma Nirbhar Bharat Abhiyaan recently announced by the Union Minister of Finance?1. Non-banking financial companies (NBFCs)2. Housing finance companies (HFCs)3. Microfinance institutions (MFIs)Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.
Solutions for Which of the following institutions are eligible for liquidity support under the Aatma Nirbhar Bharat Abhiyaan recently announced by the Union Minister of Finance?1. Non-banking financial companies (NBFCs)2. Housing finance companies (HFCs)3. Microfinance institutions (MFIs)Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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