The Small Industries Development Bank of India (SIDBI), has launched two loan products for MSMEs to help them with the required financial support in the fight against the COVID-19 pandemic. These two new quick credit delivery schemes will facilitate funding for production and services related to the supply of oxygen cylinders, oxygen concentrators, oximeters and essential drugs by MSMEs.
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The two new loan products are:
- SHWAS – SIDBI assistance to Healthcare sector in War Against Second wave of COVID19.
- AROG – SIDBI Assistance to MSMEs for Recovery & Organic Growth during COVID19 pandemic.
The schemes are devised under the guidance of the Government of India (GoI) which facilitates funding for production and services related to the supply of oxygen cylinders, oxygen concentrators, oximeters and essential drugs.
Important takeaways for all competitive exams:
- CMD of SIDBI: S Ramann;
- SIDBI set up on 2nd April 1990;
- SIDBI Headquarters: Lucknow, Uttar Pradesh.
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