Reserve Bank of India priors support to the Health sector

Reserve Bank of India has taken a decision on Wednesday, relating to the long relief measures to help the all the sectors of the people by the second wave of the coronavirus pandemic situation. The decision which was taken by the RBI Governor Shaktikanta Das that an amount of Rs. 50,000 crores with a tenure of upto 3 years through which banks can provide lending support to the entities too, that includes vaccine makers, importers of vaccines, Covid relate drugs. Priority medical devices, hospitals, supplies of oxygen and ventilators etc.
These steps and measures which were provided by the banks to the health care sector that to expand more facilities and to treat more patients. RBI also allowed for restructuring some loans to all the borrowers and all retail small business which expands amounts upto Rs. 25 crore . It has declared that all the loans which were given will be mentioned under the priority sector loans, upto the maturity of the loan period.

Reserve Bank of India has provided a special liquidity option to specific sector and to all the incentives banks which directly or indirectly lends to the borrowers and to all the entities. These were said by the Rajeev Yadav, chief Executive Officer.

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