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| RBI governor Shaktikanta das |
On wednesday morning, RBI governor announces some measures amid Covid-19 crisis. He announces a targeted on tap liquidity window of Rs. 50000 crore for setting up Covid-19 related healthcare infrastructure which is getting worsen day by day.
Under this scheme, banks can provide loans for vaccine manufacturers/importers, hospitals, labs, hospitals, ventilators, oxygen suppliers, covid related drugs, said Shaktikanta Das. This is required for the check on covid-19 pandemic.
Hospitals which are complaining lack of oxygen, ventilators, beds and vaccines, the new scheme aim to improve these healthcare facilities during the pandemic. Banks can give easy and cheap loans to hospitals, oxygen and vaccine manufacturers and also to the patients.
He said that cheap loans would be available till 31st march next year. Banks will provide some extra time for paying off this loan, among various supportive measures because country is battling with second wave of Covid-19 pandemic.
The moratorium would be available for the individuals, small and medium entreprises that have not restructured loan in 2020 and were classified as standard accounts till 31st march,2021. Last year, banks had provided six month loan moratorium to the borrowers amid the Covid-19 pandemic.
"The immediate objective is to preserve human life and restore livelihoods through all means possible," Shaktikanta das said.
The second purchase of government securities worth Rs. 35000 crore under the (G-SAP 1.0) will be done on may 20.
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