Monday, June 21, 2021

Public sector banks announces various support measures, loan products to mitigate impact of Covid pandemic

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Public sector banks in India today announced various support measures and launch of new loan products to mitigate the impact of Covid pandemic.

It will provide fresh lending support to vaccine manufacturers, hospitals/dispensaries, pathology labs, manufacturers and suppliers of Oxygen, Ventilators, importers of vaccines & Covid related drugs logistics firms and patients for treatment.

SBI Chairman Dinesh Khara and Chairman of Indian Bank Association Rajkiran Rai revealed these products in a joint press conference.

These are based on various measures announced by RBI and Govt. of India.

Besides this, Business loans upto Rs.100 Crores can be provided to setup or expand healthcare infrastructure or to manufacturers of healthcare products.

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