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Travel News – RBI creates separate liquidity window of 15,000cr for hotel, tourism & aviation sector

The Reserve Bank of India (RBI) on Friday announced a separate liquidity window of  INR 15,000 crore to mitigate the adverse impact of the second COVID-19 wave on certain contact-intensive sectors, reports Trisha Medhi for YourStory.

The window will remain open till March 31, 2022, with tenors of up to three years at the repo rate, RBI Governor Shaktikanta Das said in Mumbai after a meeting of the monetary policy committee.

Announcing the on-tap Liquidity Window for Contact-intensive Sectors, he said that banks can provide support to hotels and restaurants, tourism, aviation support services, and other services under this programme.

Under the scheme, banks can provide fresh lending support to hotels and restaurants; tourism – travel agents, tour operators, and adventure/heritage facilities; aviation ancillary services – ground handling and supply chain; and other services that include private bus operators, car repair services, rent-a-car service providers, event/conference…

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