Discoms in India get Rs 46,000 crore under liquidity package out of total sanctioned loans of Rs 1.35 lakh crore

Power distribution utilities (discoms) in the country have received Rs 46,321 crore so far out of the total sanction loan amount of Rs 1.35 lakh crore under the liquidity infusion scheme, Parliament was informed.  “So far, loans of Rs 1,35,497 crore have been sanctioned and Rs 46,321 crore have been released to states/DISCOMs by REC […]

Read more

India increases loan windows to state-run electricity distribution companies to Rs 1.2 lakh crore

nuclear-power-plant-1.jpg

The union government has proposed to increase the total loans being offered to state-run electricity distribution companies (discoms) by Rs 30,000 crore to Rs 1.20 lakh crore from the Rs 90,000 crore announced earlier to cover the additional dues of these entities to power generators for the April-June period. The Centre had announced the scheme […]

Read more

Kamath Committee report may force ferrous and non-ferrous firms to iron out loan-rejig challenges

Steel2-Cold-Rolling-MIll-ArcelorMittal-employee-at-work-Gent-Belgium.jpg

The K V Kamath Committee report has identified 26 sectors, including ferrous and non-ferrous, impacted by the pandemic for a loan restructuring scheme to be rolled out by banks and non-banking financial companies. The committee has identified five key ratios with different limits across sectors as a threshold for implementing a resolution plan. The five key ratios […]

Read more

India’s MSMEs and farmers to get Rs 60,000 crore as collateral-free loan under government scheme

H2019070570546.jpg

The Finance Ministry has confirmed disbursement of Rs 60,000 crore collateral-free loans to MSMEs under various schemes, as announced by the Prime Minister. Indicating a steady progress of the Rs 3 lakh crore collateral-free loans proposed for MSMEs in the recent Atma Nirbhar Bharat Package, commercial banks have sanctioned loans worth Rs 1.2 lakh crore […]

Read more

India’s cabinet approves Rs 10,000 crore financing facility under Agriculture Infrastructure Fund

The Indian cabinet has approved a new national fund that will provide a medium- to long-term debt financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets through interest subvention and financial support. The India Agriculture Infrastructure Fund envisages disbursement of Rs 10,000 crore worth of loans at concessional rates […]

Read more