As announced in the Statement on Developmental and Regulatory Policies on February 05, 2021, it has been decided to permit banks to provide funds under the On Tap TLTRO scheme to Non-Banking Financial Companies (NBFCs) for incremental lending to the sectors as indicated in RBI press release 2020-2021/763 dated December 11, 2020 in view of the important role played by NBFCs as well recognised conduits for reaching credit out to the last mile and acting as a force multiplier in expanding credit to various sectors.

All other terms and conditions of the scheme remain unchanged.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1057