As part of the scheme, banks can provide fresh lending support to contact-intensive sectors
The Reserve Bank of India (RBI) in its bi-monthly Monetary Policy Committee (MPC) meeting on Friday, June 4, opened a separate liquidity window of Rs 15,000 crore till March 31 next year to curtail the adverse impact of the second wave of the COVID-19 pandemic on certain contact-intensive sectors. RBI Governor Shaktikanta Das, while addressing the statement, said that the facility will have tenors of up to three years at a repo rate of four per cent. (
This is in addition to the on-tap liquidity window of Rs 50,000 crore with tenors of up to three years at the repo rate till March 31, 2022, to boost the provision of immediate liquidity for ramping up COVID-related healthcare infrastructure and services, which was announced on May 5.