Banks to lend ₹15,000 crore to hotels, restaurants, travel agents, SPA owners
The Hindu
To mitigate the adverse impact of the second wave of the pandemic on certain contact-intensive sectors, the Reserve Bank of India (RBI) in additional measure has opened a separate On-tap Liquidity Win
To mitigate the adverse impact of the second wave of the pandemic on certain contact-intensive sectors, the Reserve Bank of India (RBI) in additional measure has opened a separate On-tap Liquidity Window of ₹15,000 crores till March 31, 2022 with tenors of up to three years at the repo rate. Under the scheme, banks can provide fresh lending support to hotels and restaurants; tourism – travel agents, tour operators and adventure/heritage facilities; aviation ancillary services – ground handling and supply chain; and other services that include private bus operators, car repair services, rent-a-car service providers, event/conference organizers, spa clinics, and beauty parlours/saloons.
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