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What NBFCs can expect from Union Budget 2019-20?

Non-Banking Financial Companies, often referred to as shadow banks, provide an important service to the nation by offering credit to those segments which can't avail credit from banks easily. However, these companies are facing a severe liquidity crunch. The sector is expecting the Indian government to take a host of measures through Budget 2019 to give it a much-needed shot in the arm.

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What NBFCs can expect from Union Budget 2019-20?

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  1. What NBFCs Can Expect From Union Budget 2019-20 ?

  2. Non-banking Financial Companies (Nbfcs) Are Important Because They Make Formal Credit Accessible For The Unserved And Underserved Sections Of India.

  3. What the NBFCs can expect from Union Budget 2019-20 The Nbfcs Are Expecting The Roll Out Of The Following Measures To Ease The Liquidity Crunch.

  4. A Liquidity Window To Ease The Crisis: A Clear Liquidity Window Is Being Sought For Nbfcs, Which Will Enable The Sector To Get Continuous Credit Supply.

  5. 2. Measures To Ensure Benefits Of Rate Cuts To End Users: There Have Been A Few Policy Rate Cuts By The RBI Recently. But To Pass On These Benefits To End Customers, It Is Important For The Government To Adopt Adequate Policy Measures.

  6. 3. Tax Exemptions: The Sector Is Expecting Favorable Amendments To Section 43D And Section 194A Of The Income Tax Act. Nbfcs Are Also Looking For Simplification Of The GST.

  7. 4. Priority Sector Lending Tag: The Sector Is Seeking Priority Sector Lending Tags For Those Nbfcs Whose 60% Of The Income Comes From Lending To The Priority Sectors. The Banks Will Lend More To These Nbfcs Since They Need To Meet Their Target Of Lending To Priority Sectors.

  8. 5. Incentivization And Sustainability Support The Sector Is Also Expecting Effective Policies For Incentivization And Sustainability Of Companies In This Sector.

  9. The Nbfcs Have Played A Crucial Role In Taking Credit To Unbanked Sections Of The Market. With Budget 2019-20, The Sector Is Hoping To Revive Its Health.

  10. Thank You !Would Love to Hear From You Hero FinCorp Limited 09, BasantLok, Vasant Vihar, New Delhi - 110057 Tel. 18001024145 Email Id: corporate.care@herofincorp.com Website: https://www.herofincorp.com/ Know more about- What NBFCs can expect from Union Budget 2019-20?

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