Warning: session_start(): open(/opt/alt/php72/var/lib/php/session/sess_3cfc4ce7bc2fc88ea0f1efc1562ea242, O_RDWR) failed: Disk quota exceeded (122) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /opt/alt/php72/var/lib/php/session) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83
MSMEs hail RBI’s Rs 50,000 crore liquidity support to strengthen Covid infrastructure, supplies in time - Awaj Ludhiana Ki
Tuesday, July 8, 2025
  • Home
  • National
  • International
  • Movies
  • Technology
  • Business
  • Fitness
  • Lifestyle
  • Punjab
  • Contact us
No Result
View All Result
No Result
View All Result
Home Business

MSMEs hail RBI’s Rs 50,000 crore liquidity support to strengthen Covid infrastructure, supplies in time

by author
May 5, 2021
in Business
0
MSMEs hail RBI’s Rs 50,000 crore liquidity support to strengthen Covid infrastructure, supplies in time
0
SHARES
21
VIEWS
Share on FacebookShare on Twitter


covid cases in india, covid cases in delhi, covid cases in india today, covid cases in delhi today, covid cases in delhi in last 24 hours, covid cases in delhi ncr, delhi lockdown, corona cases in india, corona update, corona cases in delhiThe surge in Covid cases since March has put India’s healthcare system under severe strain with hospitals running over and above their actual capacity. (Reuters Photo)

Credit and Finance for MSMEs: MSMEs in the medical device industry have welcomed the Reserve Bank of India’s decision to allow banks to provide Rs 50,000 priority lending to entities in the healthcare sector to ramp up Covid-related medical infrastructure and services. RBI Governor Shaktikanta Das on Wednesday announced “an on-tap liquidity window of Rs 50,000 crore with tenors of up to three years at the repo rate is being opened till March 31, 2022,” for banks to lend to vaccine manufactures, importers, and suppliers of vaccines and priority medical devices, hospitals and dispensaries, pathology labs, manufactures and suppliers of oxygen and ventilators, etc.

Related posts

EXCLUSIVE – Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts

EXCLUSIVE – Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts

June 5, 2023
Why investing just to save tax may be bad for you

Why investing just to save tax may be bad for you

June 5, 2023

“Easier access to funds will help manufacturers and importers to finance ramping up of supplies to augment supply chain of critically needed medical devices,” Rajiv Nath, Managing Director, Hindustan Syringes & Medical Device, and Forum Coordinator, Association of Indian Medical Device Industry (AiMeD) told Financial Express Online. AiMeD is an umbrella association of Indian manufacturers of medical devices with over 500 members, nearly 95 per cent of which are MSMEs. It also has over 200 associate members representing the interest of more than 1,200 medical device manufacturers.

The surge in Covid cases since March has put India’s healthcare system under severe strain with hospitals running over and above their actual capacity and even running out of critical lifesaving medical oxygen, ventilators, ICU beds, etc. The piling up of cases has triggered a never-seen-before healthcare crisis in the country and consequently leading to an increase in the number of deaths. The World Health Organization on Wednesday said that India accounted for 46 per cent of the new Covid-19 cases recorded worldwide last week and one in four deaths. The latest announcement by Das, hence, has been the need of the hour.

Also read: RBI’s relief measures for MSMEs: 4 key takeaways from Shaktikanta Das speech; experts opine mixed bag

“Overall health budget in India for 2021-22 was set at Rs 2.23 lakh crores and an additional credit of Rs 50,000 crores is nearly 23 per cent of the government expenditure. The same would be available for all stakeholders such as hospitals, nursing homes, vaccine manufacturers, pathology labs to ramp up the infrastructure and supplies. Banks will give cheap loans to import medical equipments, vaccine supplies, oxygen concentrators, and mobile oxygen plants, etc., thus enabling smaller micro-level players to step in the process which seemed unaffordable for them earlier. MSMEs and small entities earlier used to struggle to secure credit from banks as banks prefer organized and big players, but this would tip the scale in their favor as it is easy and cheap access to fresh credit,” Jyoti Prakash Gadia, Managing Partner, Resurgent India told Financial Express Online.

Currently, a good share of demand for healthcare equipment is being met by imports from China. Credit support is likely to reduce dependency on China. Also, health-tech startups will be able to take advantage of this new liquidity to scale up their operations. Gurugram-based Sunil Singh who runs UnivLabs: manufacturer of indigenous endoscope surgical towers said that the pandemic has exposed India’s limited capability in medical device manufacturing which is a highly capital-intensive industry with high regulatory scrutiny.

“The current announcement of RBI will give renewed impetus in self-reliance. Considering the scale of our country and population, we shall localize the design and manufacture of most of the medical devices. Our stress should not be only to build innovative devices but all devices for which India depends on imports,” Singh told Financial Express Online.

RBI said that loans under the new liquidity facility will be classified under the priority sector till repayment or maturity, whichever is earlier. Banks may deliver these loans to borrowers directly or through intermediary financial entities regulated by the RBI. Das said that banks are expected to create a Covid loan book under the scheme. “By way of an additional incentive, such banks will be eligible to park their surplus liquidity up to the size of the Covid loan book with the RBI under the reverse repo window at a rate which is 25 bps lower than the repo rate or, termed in a different way, 40 bps higher than the reverse repo rate.”

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.





Source link

Previous Post

Revenues garnered from Salman Khan’s Radhe to be used to provide for COVID relief work across India : Bollywood News

Next Post

Khatron Ke Khiladi 11: From Divyanka Tripathi to Arjun Bijlani, here’s the confirmed list of the contestants participating in Rohit Shetty series : Bollywood News

Related Posts

EXCLUSIVE – Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts
Business

EXCLUSIVE – Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts

June 5, 2023
Why investing just to save tax may be bad for you
Business

Why investing just to save tax may be bad for you

June 5, 2023
Share Market outlook today: Nifty, Bank Nifty may to gain on positive global cues; check support, resistance
Business

Share Market outlook today: Nifty, Bank Nifty may to gain on positive global cues; check support, resistance

June 5, 2023
Startup group of G20 calls for $1-trillion commitment
Business

Startup group of G20 calls for $1-trillion commitment

June 5, 2023
DHARAKSHA: Converting rice straw stubble to sustainable packaging material
Business

DHARAKSHA: Converting rice straw stubble to sustainable packaging material

June 4, 2023
Amrita Hospital, Kochi opens two new research centres; announces Rs 65 Crore for charitable care
Business

Amrita Hospital, Kochi opens two new research centres; announces Rs 65 Crore for charitable care

June 4, 2023
Next Post
Khatron Ke Khiladi 11: From Divyanka Tripathi to Arjun Bijlani, here’s the confirmed list of the contestants participating in Rohit Shetty series : Bollywood News

Khatron Ke Khiladi 11: From Divyanka Tripathi to Arjun Bijlani, here’s the confirmed list of the contestants participating in Rohit Shetty series : Bollywood News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Rape, caste and politics: Foolish attempts to change the narrative can never work, writes Tavleen Singh

Rape, caste and politics: Foolish attempts to change the narrative can never work, writes Tavleen Singh

4 years ago
Anupam Kher’s Project Heal India to conduct relief activities for the COVID-19 crisis in India : Bollywood News

Anupam Kher’s Project Heal India to conduct relief activities for the COVID-19 crisis in India : Bollywood News

4 years ago
Indian Navy’s ‘Killer Squadron’ that sunk Pakistani warships during 1971 war to get rare honour | India News

Indian Navy’s ‘Killer Squadron’ that sunk Pakistani warships during 1971 war to get rare honour | India News

4 years ago
BluSmart raises INR 200 crore in Pre-Series B funding round to expand EV operations, ET Auto

BluSmart raises INR 200 crore in Pre-Series B funding round to expand EV operations, ET Auto

12 months ago

BROWSE BY CATEGORIES

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

BROWSE BY TOPICS

Architecture culture Fitness indian architecture indian culture indian culture and heritage indian news lifestyle national news Technology technology news Travel travelling

About Us

Awaj Ludhiana Ki

Address

2667/3, Kishore Nagar, Tajpur & Jail Road, Ludhiana – 141008

Recent News

  • RTI Reveals Spy Suspect Jyoti Malhotra Was Kerala Govts State Guest; Custody Extended Till July 21
  • India Abstains From UN Resolution On Afghanistan, Calls For Efforts To End Exploitation Of Afghan Soil For Terrorism | India News
  • Indian Travellers With U.S. Visas Can Now Enter 17 Countries Without A Visa – Here’s The Full List | World News
  • From Slave To Superpower – How The U.S. Rose From British Colony To Global Warlord
  • UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support

Category

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

Search

No Result
View All Result

Email

contact@awajludhianaki.org

  • About
  • Advertise
  • Careers

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

No Result
View All Result
  • Home
  • Contact us
  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fashion
  • Fitness
  • Food
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel
  • Punjab

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In