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Special Liquidity Scheme for NBFCs and HFCs Through SPV

Published on July 04, 2020
Current Context: Government of India approved a special liquidity scheme for Non-Banking Finance Companies (NBFC) and Housing Finance Companies (HFC) through Special Purpose Vehicle (SPV).
Special Liquidity Scheme for NBFCs and HFCs Through SPV
  • This Special Liquidity Scheme is set up by SBI Capital Markets Limited (SBICAP) which is the subsidiary of State Bank of India (SBI).
  • The finance provided under this scheme to the NBFC s and HFCs will be used to repay existing liabilities and not to expand their assets.
  • The scheme will remain open for 3 months so that respective Trust will be able to make subscriptions and the period of lending by the trust will be up to 90 days.
  • Commercial Papers and Non-Convertible Debentures will be the instruments used in this scheme.
  • Any NBFCs including microfinance institutions which are under RBI and HFC registered under National Housing Bank are eligible to have the benefit of this scheme.


Q.1 Name the organisation which is set up as a Special Purpose Vehicle (SPV) and is offering a special liquidity scheme for NBFCs and HFCs?
a. IDBI Capital Markets Limited
b. IDBI Capital Markets Limited
c. SBI Capital Markets Limited
d. HDFC Capital Markets Limited
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