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RBI Announces Rs 50,000 Cr Term Liquidity For COVID-19 Healthcare Infrastructure

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Deccan Express 

Mumbai : In India, corona is rampant and the number of victims is increasing day by day. This is putting more strain on the health system. Due to all these circumstances, the Reserve Bank of India (RBI) has taken an important decision. Fifty thousand crore rupees has been announced for the essential health sector. This information was given by RBI Governor Shaktikant Das on Wednesday. He was talking to the media at the time.

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Shaktikant Das said that the Reserve Bank is monitoring the situation in Corona. Recovery is happening faster in India than in the rest of the world. However, this year’s corona wave is more dangerous than the previous year. Also, the economy has seen a good recovery since the first wave, Das said. So this time the good monsoon will increase the demand in the villages. Also through the bank to cope with the second wave by March 21, 2022 hospitals, oxygen. Shaktikant Das has said that Rs 50,000 crore has been announced on priority basis for vaccine importers and corona drugs.

Shaktikant Das said the second phase of procurement of government securities worth Rs 35,000 crore will start on May 20, 2021. Rs 50,000 crore will be provided for essential health services. Also, priority areas will soon be provided with loans and incentives. In addition the bank, Corona Bank loan will also be created. Also, TLTRO worth Rs 10,000 crore will be introduced for SFBs. So there will be a limit of 10 lakh per borrower. Das has also mentioned that they will be given term facility till March 31, 2022.

Shaktikant Das further said that the Reserve Bank has given a big concession in respect of KYC. He said video KYC and non-face to face document verification would be promoted. In the meantime, Corona needs to take comprehensive action against Mahasathi. India has aggressively launched its war against the Corona. So there is no hindrance in the manufacturing sector. Also the demand is constant. He also said that there was no possibility of changes in the April monitoring policy for inflation.


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