Summary:
In April-June it is committed to buy Rs 1 lakh crore bonds with first debt purchases starting from April 15. RBI had bought Rs 3 lakh crore of bonds in the last fiscal (2020-21) and planned similar or more spending in the financial year April 2021 to March 2022. Accordingly liquidity support of Rs 50000 crore for fresh lending during 2021-22 will be provided to All India Financial Institutions (AIFIs). He announced that Rs 25000 crore will be provided to National Bank for Agriculture and Rural Development (NABARD) Rs 10000 crore to National Housing Bank (NHB) and Rs 15000 crore to Small Industries Development Bank of India (SIDBI). It is to be mentioned here that special refinance facilities of Rs 75000 crore were provided to AIFIs during April-August 2020..