Sangita Reddy, Well being Information, ET HealthWorld

Rs 50,000 cr priority lending announcement for Covid-related services a welcome move: Sangita ReddyRBI Governor Shaktikanta Das’ announcement that banks can present Rs 50,000 crore precedence lending for ramping up Covid-related healthcare infrastructure and providers within the nation is a welcome transfer, Apollo Hospitals Group Joint Managing Director Sangita Reddy stated on Wednesday.

“To spice up provision of rapid liquidity for ramping up Covid-related healthcare infrastructure and providers within the nation, an on-tap liquidity window of Rs 50,000 crore with tenors of as much as three years on the repo charge is being opened until March 31, 2022,” Das stated on Wednesday.

Underneath the scheme, banks can present recent lending help to a variety of entities, together with vaccine manufactures; importers/ suppliers of vaccines and precedence medical gadgets; hospitals/ dispensaries; pathology labs; producers and suppliers of oxygen and ventilators; importers of vaccines and Covid-related medication; logistics corporations and in addition sufferers for remedy.

“I commend [email protected] Governor @DasShaktikanta for taking over these well

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