INSUBCONTINENT EXCLUSIVE:
Nirmala Sitharaman has said that financial support to health sector will help ramping up facilitiesThe Centre is in constant touch with
various stakeholders to support economic growth, Finance Minister Nirmala Sitharaman said on Tuesday, while addressing a webinar on health
healthcare sector which was stretched to its limits during the second wave of the Coronavirus pandemic, now needs support in order to ramp
up its capacities so that better technologies and trained manpower can be added to it.The government is supporting the sector through its
Loan Guarantee Scheme for Covid Affected Sectors (LGCAS), the minister said.Under the scheme, banks will provide credit up to Rs 50,000
crore to hospitals, clinics, dispensaries, among others, and the government will give 75 per cent and 50 per cent guarantee on such loans
for greenfield and brownfield projects, respectively
In aspirational districts, guarantee cover for both brownfield and greenfield projects is 75 per cent
Maximum loan availed under the scheme is Rs 100 crore per project.The Finance Minister said that in order to ramp up facilities in
hospitals, the banking sector needs to come forward give them support.
