The Reserve Bank of India (RBI) unveiled a host of measures to boost fund flow to the healthcare sector and ease the pain of small borrowers and units.
Daily Current Affairs Quiz 2021
The RBI has opened an on-tap liquidity window of Rs 50,000 crore with tenors of up to three years at the repo rate four per cent, till March 31, 2022 to boost provision of immediate liquidity for ramping up Covid-related healthcare infrastructure and services in the country.
Under the scheme, banks can provide fresh lending support to a wide range of entities including vaccine manufacturers, importers and suppliers of vaccines and priority medical devices, hospitals and dispensaries, pathology labs, manufactures and suppliers of oxygen and ventilators, importers of vaccines and Covid-related drugs, logistics firms and also patients for treatment.
Banks are being incentivised for quick delivery of credit under the scheme through extension of priority sector classification to such lending up to March 31, 2022. These loans will continue to be classified under priority sector till repayment or maturity, whichever is earlier.
