Businesses are treading cautiously on resumption of operations at plants, despite the government on Friday signalling a graded opening up and allowing offices in even red zones to work at a third of their capacity.
The green signal to the mega project in the national capital- given with the usual caveats on minimised tree cutting, environmental responsibility and so on- comes even as a Special Leave Petition related to land use change for the new complex is pending before the Supreme Court.
Para banks have requested that this window be established through MUDRA, Small Industries Development Bank of India, National Bank for Agriculture and Rural Development and National Housing Bank. They are also requesting a special purpose vehicle that would be allowed to leverage about 4 times to provide a funding of ₹50,000 crore to small and medium-sized NBFCs.
Microfinance institutions and non-bank lenders are set to resume full-fledged operations in green and orange zones, or areas designated as safe from the Covid-19 virus outbreak, after the government announced lifting of several restrictions.Para banks have requested that this window be established through MUDRA, Small Industries Development Bank of India, National Bank for Agriculture and Rural Development and National Housing Bank. They are also requesting a special purpose vehicle that would be allowed to leverage about 4 times to provide a funding of ₹50,000 crore to small and medium-sized NBFCs. Microfinance institutions and non-bank lenders are set to resume full-fledged operations in green and orange zones, or areas designated as safe from the Covid-19 virus outbreak, after the government announced lifting of several restrictions.
Total tally of eNAM enabled mandis rises to 785 with this addition. "By the end of the month, 1,000 mandis would be connected with the platform," Agriculture Minister Narendra Singh Tomar said while launching the services on Friday.
Under the 15-year agreement that ends in July, India is committed to buy 2 million tonnes urea every year from the plant at an agreed price. "Now that agreement will be over, we may not enter into any further commitment if Omifco doesn’t offer a good price,” said a senior fertiliser ministry official.
A good harvest as well as the possibility of a faster economic recovery in rural India, much of which has remained free of Covid-19, are giving borrowers the confidence to repay.