Due to the coronavirus pandemic, the central government is considering giving a credit incentive of Rs 50,000 crore to give a booster to the healthcare infrastructure in the country. According to Live Mint sources, under this scheme, the government will provide funds on credit to companies for building new hospitals as well as medical supplies and the government will be the guarantor of these companies. Without divulging identity, the case expert said that the focus is likely to be on strengthening the health infrastructure related to COVID-19 in smaller towns.
read this also:- Withdrawing money from other bank’s ATM will be expensive, know how much will be charged
In recent months, the state of poor health of the country has come to the fore with the rise of corona cases. Now to cover this, the Modi government is working to boost the health infrastructure. So that there is no shortage of patient beds and oxygen in hospitals in the country. This loan guarantee scheme of the government will give further impetus to these efforts of RBI, under which the Reserve Bank had announced to give affordable loans to the healthcare sector as well as vaccine manufacturers.
read this also:- 25 paise coin can make you the owner of 1.5 lakh rupees, you will get wealth sitting at home
RBI had introduced an on-tap liquidity window of Rs 500 billion for health services and vaccine manufacturers in March 2022 for tax. Earlier last month too, the government announced it had included a $41 billion emergency loan program to protect airlines and hospitals from the effects of the pandemic. Under this scheme, there is a provision of providing a loan of Rs 2 crore to hospitals and clinics for setting up on-site oxygen generation plants.