The Reserve Bank of India (RBI) increased the Targeted Long Term Repo Operation (TLTRO), a dedicated liquidity window for another three months. Companies from different sectors can now take advantage of the facility till December 31. The plan was introduced last year for companies facing a cash crisis.

“Given the developing and weak economic recovery, it has decided to continue the on-tap TLTRO scheme further for three months,” RBI said while announcing the bi-monthly policy. Stressed sectors identified by the KV Kamath Committee were also taken within the scheme on December 4, 2020, and after that, bank lending to NBFCs was also included on February 5, 2021.

To increase the focus of liquidity measures on the recovery of specific sectors that have both backward and forward links with having multiplier effects on growth, the RBI had announced the scheme for five industries.