6.RBI Governor announces! ‘Rs 50000’ Crore liquidity support for Health Sector in India.
6.RBI Governor announces! ‘Rs 50000’ Crore liquidity support for Health Sector in India.
6.RBI Governor announces! ‘Rs 50000’ Crore liquidity support for Health Sector in India.
With the raging Covid pandemic putting serve stress on the Economy, The Reserve Bank of India(RBI) on Wednesday. Unveiled a host of the measures to boost fund flow to the health sector an ease the pain of small borrowers and units. Keeping in mind of public health if someone try’s to build Oxygen plant then there should be no any difficulties by the bank to provide loan i.e. banks can borrow loan upto Rs 5000 Crores only in health sector at rate of interest of repo rate of 4%, which will valid for Mach 31 2022.
It would help to accelerate vaccine production up to huge strakes. So there should be any deficiency in field of Public health care service.
RBI Governor Sakti Man Das said while announcing: It the loans of banks comes under Priority Sector, banks are being incentivized for quick delivery of credit under the scheme through extension of priority sector classification of such lending up to March 31 2022.
“Banks may deliver these loan to borrowers directly or though intermediary financial entities regulated by RBI.”
RBI shows concerned about Global Economy: The Global Economy is exhibiting incipient signs of Recovery as Countries renew their tryst with growth, supported by monetary and fiscal stimulus.
Still, activity remains uneven across the countries and sectors.
Inflation: The inflation trajectory over the rest of the year will be shaped by the Covid-19 infections and impact of localized containment measures on supply chains and logistics.
Business Hit: Small business and financial entities at the grass root level are bearing the biggest brunt of the second wave of infections.
RBI Stance: We are committed to go unconventional and devise new responses as and when the situation demands.