To strengthen the healthcare infra amid the Covid 19 second wave, the RBI has offered to provide term liquid facility. This on tap repo window will make available Rs. 50000 crore and that shall be open till March 31, 2022, said RBI Governor Shaktikanta Das in his unscheduled speech today.
The RBI Governor also said banks can provide loans to vaccine manufacturers, oxygen manufacturers and other Covid related services.
Till repayment or maturity, the lending wil be categorised as priority sector lending. And banks have been directed to create a Covid loan book for this facility.
On the move which seems to extend support to various stakeholders to healthcare entities, Nifty pharma pack extended gains to 2 percent.