“There is a dire need for an effective refinance mechanism to ensure diversity and greater regularity in sources of funds to NBFCs,” FIDC said in its letter. “We believe that SIDBI is most suited as an institution to provide such a facility to NBFCs for onward lending to MSMEs and other appropriate sectors.”source https://economictimes.indiatimes.com/industry/banking/finance/fidc-led-consortium-to-set-up-on-tap-refinance-mechanism-non-bank-lenders/articleshow/86754879.cms
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