2000 crore $ million) was instituted and banks were asked to contribute towards this fund against their shortfall in their lending to the weaker sections as low interest deposits with SIDBI to be used by the latter for providing assistance to the MSME sector.
Considering the knock on effects on the housing sector, and the role of housing finance companies (HFCs) in providing housing loans, the National Housing Bank (NHB) was made available a refinance limit of $ million to assist the sector. As in case of SIDBI, banks were asked to deposit specified amount against the shortfall in their lending to the weaker sections with NHB.