Budget 2022: Assocham pitches for permanent refinance window for NBFC sector

The government will present the Budget for fiscal 2022-23 on February 1.

New Delhi: Industry body Assocham has recommended setting up a refinance window for the NBFC sector and making banks' lending to non-banking financial companies under priority sector permanent for the upcoming Union Budget.

The funding support to the non-banking finance companies (NBFCs) will ensure liquidity in the sector, as they play a key role in financial inclusion and providing affordable financial services to the underbanked, Assocham said in its recommendations to the government through a pre-budget budget memorandum.

The government will present the Budget for fiscal 2022-23 on February 1.