#nbfc lending

NBFC body FIDC urges RBI to extend inclusion of bank credit to NBFCs for on-lending as priority sector by a year

Credit and Finance for MSMEs: Finance Industry Development Council (FIDC), a representative body of non-banking financial companies (NBFCs) in India, on Tuesday urged the Reserve Bank of India (RBI) to extend inclusion of bank credit to NBFCs for on-lending to micro and small enterprises (MSEs) and agriculture as priority sector lending by another year from March 2022. In a letter to the central…