<h1>Partial Credit Guarantee Scheme enables banks to buy high-rated NBFC/HFC asset pools, backed by government first-loss support.</h1> The Government approved the Partial Credit Guarantee Scheme to enable Public Sector Banks to purchase high-rated pooled assets from financially sound NBFCs/HFCs, providing a one-time partial government guarantee that covers first-loss on purchased asset pools. Eligibility is confined to NBFCs/HFCs that may have slipped into SMA-0 prior to 1.8.2018, excludes SMA-1/2, requires pool ratings of BBB+ or higher, and operates within a time-limited window with limited extension powers delegated to the Finance Minister.