In pursuance of the announcement made in the Union Budget 2019-20 presented by the Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman, the Government has issued a scheme regarding partial credit guarantee on 10.8.2019. The Scheme would enable the public sector banks (PSBs) to purchase pooled assets of financially sound NBFCs amounting to Rs.
During the time of massive Pandemic COVID-19 crisis all over the world and impacting all the countries across the world, Market capitalization of numbers of companies has declined by more than 40-50 %, with their stocks trading at levels which do not reflect their true valuation. My Nation which was also facing economic slowdown