<h1>Government Launches Rs. 30,000 Crore Liquidity Scheme for NBFCs and HFCs with RBI Funding and Government Guarantee.</h1> The Union Finance Minister announced a Rs. 30,000 crore Special Liquidity Scheme to improve the liquidity of Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs). The Reserve Bank of India will fund the scheme by subscribing to government-guaranteed securities issued by a Trust, with the Government of India providing an unconditional guarantee. The scheme, launched on July 1, 2020, via a Special Purpose Vehicle set up by SBI Capital Markets, is open for three months. Eligible NBFCs and HFCs must meet specific criteria, and the funds are intended solely for repaying existing liabilities, not asset expansion.