VFS hails relief measures announced by the Union Finance Minister

VFS hails relief measures announced by the Union Finance Minister

Kolkata: Mr. Kuldip Maity, MD & CEO of Kolkata-based Village Financial Services (VFS) hailed the liquidity infusion measures announced by FM Nirmala Sitharaman.  He said, ‘We welcome the liquidity infusion measures announced by the Hon’ble Union Finance Minister to help the stressed microfinance sector. The MFIs are facing a tough time due to significant cash flow issues. The liquidity infusion measures through special liquidity scheme and extension of the partial guarantee scheme will help combat the rising stress levels in the sector, and eventually cater to the needy borrowers who are in search of emergency loans to resume their business operations.’

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