The Reserve Bank of India (RBI) Governor Shaktikanta Das has announced a Covid-19 healthcare package of Rs 50,000 crore, for lending to entities such as vaccine makers, medical equipment suppliers, hospitals and related sectors, besides the patients in need of funds for treatment.
About the Covid-19 healthcare package:
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About the Covid loan book mechanism
About the long-term repo operation (LTRO)
A special long-term repo operation (LTRO) has been announced for small finance banks (SFBs) worth Rs 10,000 crore, to provide further lending support to NBFC-microfinance institutions (MFIs) and other MFIs (Societies, Trusts etc.) which are members of RBI recognised ‘Self-Regulatory Organisation’. These MFIs must have an asset size of Rs 500 crore, as of 31 March 2021.
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