Due to the coronavirus epidemic, the central government is contemplating a Rs 50,000 crore loan incentive to promote the country’s healthcare infrastructure. According to Live Mint sources, under the scheme, the government will provide loans to companies to build new hospitals and medical equipment, and the government will guarantee these companies. Case experts said that without revealing the identity, the focus could be on strengthening COVID-19-related health infrastructure in small towns.
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In recent months, the country’s poor health has come to the forefront with the rise of corona cases. To compensate for this, the Modi government is working to increase health infrastructure. So there is no shortage of sick beds and oxygen in the country’s hospitals. The government’s credit guarantee scheme further stimulates the efforts of the RBI, under which the Reserve Bank has announced that it will provide affordable credit to the health sector and vaccine manufacturers.
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In March 2022, the RBI introduced a Rs 500 billion on-tap liquidity window for health services and taxation for vaccine manufacturers. The government announced early last month that it had added a $ 41 billion emergency loan program to protect airlines and hospitals from the effects of the epidemic. Under the scheme, hospitals and clinics will be provided with a loan of Rs 2 crore to set up on-site oxygen production plants.
