FM Announcment: Perspective by Poddar Housing and Development
Perspective of Mr. Rohit Poddar, Managing Director, Poddar Housing and Development Ltd. and Joint Secretary, NAREDCO Maharashtra on recent FM announcement on Economic Package 2.0.
“The
announcement of the overall 20 Lakh Cr package is much awaited news
which will stimulate progression sectors across the country. With an aim
to encourage MSME’s to get them listed on main board of stock exchange; Rs. 50,000 CR equity is infused which will help them in tackling the
shortage of funds. The supply of Special Liquidity Scheme for
NBFCs /H FC/MFIs along with Rs 45,000 crore Partial Credit Guarantee
Scheme 2.0 for NBFCs will provide liquidity support and create
confidence in the market.
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Extensions of 6 months for real estate
projects will de-stress real estate developers and ensure completion of
projects so that homebuyers are able to get delivery of their booked
houses with new timelines. Overall, this announcement will benefit the
businesses across the country to uplift the growth of their business and
ensuring immediate liquidity required for staring economic engines,
post lockdown.”
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