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Nirmala Sitharaman Office Profile picture
@nsitharamanoffc
Jul 15, 2020 • 3 tweets • 2 min read • Read on X
The Partial Credit Guarantee Scheme (PCGS) was revamped under the #AatmanirbharBharat Package to support the liability side of NBFCs by providing a 20% portfolio guarantee to Public Sector Banks for the purchase of Bonds/Commercial Papers rated AA and below issued by NBFCs.
As of 10 July 2020, under the extended PCGS, #PSBs have approved for purchase Bonds/Commercial Papers issued by 67 NBFCs amounting to Rs 14,667 crore, of which Rs 6,845 crore is for Bonds/CPs rated below AA, providing liquidity support to NBFCs with lower rated Bonds/CPs. Image
Further, the purchase of Bonds/Commercial Papers of Rs 6,125 crore, including Rs 5,550 crore of Bonds/Commercial Papers rated below AA, is currently under various stages of approval/at negotiation stage.

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More from @nsitharamanoffc

Nirmala Sitharaman Office Profile picture
Jul 14, 2023
Smt @nsitharaman inaugurates the Common Facility Centre (CFC) at the Indian Institute of Gems and Jewellery (IIGJ) during her visit to Udupi, Karnataka. (1/n)
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In 2017 while serving as Minister of Commerce & Industries, Smt @nsitharaman had laid the foundation stone of IIGJ in Udupi with her MPLADS funds & with support from the Gem & Jewellery Export Promotion Council & National Institute of Design, Ahmedabad.

The aim was to enhance… https://t.co/kYQJMwJoFptwitter.com/i/web/status/1…

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@nsitharaman @PIB_India @PIBBengaluru @FinMinIndia @MIB_India @DDNewslive @airnewsalerts @BJP4Karnataka CFC, equipped with state-of-the-art equipment, aims at:

- Providing access to the common pool of high-end & capital-intensive state-of-the-art machinery/equipment which are otherwise prohibitive for individual small & medium jewellery manufacturer.

- To provide manufacturers… https://t.co/VnMpDIdMostwitter.com/i/web/status/1…

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Read 5 tweets
Nirmala Sitharaman Office Profile picture
Apr 1, 2023
Smt @nsitharaman interacts with local residents, devotees & students at Sri Appan Venkatesa Perumal Temple in Thirumukkoodal. Hon'ble MoS Sh @Murugan_MoS, Smt @VanathiBJP, National President - @BJPMahilaMorcha & Sh @SuryahSG, State Secretary - @BJP4Tamilnadu, are also present. twitter.com/i/web/status/1…
In the temple, there is an inscription of Pallava Vijay Nirupatunga Vikrama Varman on his 24th regnal year here which evidences that this Perumal was worshipped by Pallavas. There is another inscription of Veerarajendra Chola in the temple.
The inscription opens in typical Chola style with Meikeerthi of Veerarajendra as 'Thiruvalar Tirupuyat Tirunila Valayan'.
Read 12 tweets
Nirmala Sitharaman Office Profile picture
Oct 2, 2022
To further deepen Financial Inclusion (FI) framework, @DFS_India will organise a special campaign from 15th October 2022 to 26th November 2022, which will initially be rolled out at the Gram Panchayat (GP) level in following seven districts across India:
(1/4)
1. Cuttack, Odisha
2. Aurangabad, Maharashtra
3. Pune, Maharashtra
4. Kakinada, AP
5. Kaushambi, UP
6. Datia, MP
7. Barpeta, Assam

The campaign will focus on:

1. Achieving saturation in respect of bank accounts, insurance/pension schemes for eligible individuals
(2/4)
2. Distribution of Loans to Farmer Produce Organisations (FPOs), SHGs for establishment of Cold-Chain infrastructure.

3. Expanding the coverage of MUDRA & KCC penetration for persons engaged in animal husbandry, dairy & fisheries.
(3/4)
Read 4 tweets
Nirmala Sitharaman Office Profile picture
Sep 28, 2020
The Ministry of Corporate Affairs has extended the duration of several schemes till 31.12.2020 in view of the continued disruption caused due to the COVID-19 pandemic in certain parts of the country and to provide greater Ease of Doing Business.
The Ministry of Corporate Affairs had introduced a new scheme known as the Companies Fresh Start Scheme, 2020, valid from 01.04.2020 to 30.09.2020 to enable companies to make good their previous defaults. This Scheme has now been extended till 31.12.2020.
The MCA had also introduced a new scheme known as the LLP Settlement Scheme, 2020 which was valid from 01.04.2020 to 13.06.2020 and was later extended till 30.09.2020. The Scheme has been further extended to 31.12.2020 to enable LLPs to make good their previous defaults.
Read 4 tweets
Nirmala Sitharaman Office Profile picture
Sep 24, 2020
As of 21 Sept 2020, the total amount sanctioned under the 100% Emergency Credit Line Guarantee Scheme by #PSBs and private banks to #MSMEs and individuals stands at Rs 1,77,353 crore, of which Rs 1,25,425 crore has already been disbursed. Here is the break-up: #AatmanirbharBharat Image
The ambit of the Scheme was expanded to include MSMEs with turnover of up to Rs 250 crore & individuals for business purposes. As of Sept 21, 2020, Rs 9,849.74 crore of loans to individuals have been sanctioned, of which Rs 2,617.08 crore has been disbursed. #AatmanirbharBharat
Under the 100% ECLGS, the loan amounts sanctioned by Public Sector Banks increased to Rs 79,347.73 crore, of which Rs 65,051.89 crore has been disbursed as of 21 Sept 2020. Here are the bank-wise & State-wise details: #AatmanirbharBharat #MSMEs ImageImage
Read 4 tweets
Nirmala Sitharaman Office Profile picture
Aug 24, 2020
FM Smt @nsitharaman writes in the Indian Express.

indianexpress.com/article/opinio… Image
FM Smt @nsitharaman highlights the IT-enabled nature of GST in her article. Image
She also expands upon how, since the rollout of GST, items in the highest rate slab have systematically been brought into the lower slabs. Image
Read 6 tweets

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