Exclusive: Loan disbursal to healthcare sector: RBI decides THIS on according priority sector lending status to banks

The Reserve Bank of India (RBI) is likely to come up with official notification about priority sector status to banks on loan disbursal to healthcare sector. Banks had asked RBI to give priority sector lending status to the loans, which will be granted to the healthcare sector, informed Zee Business correspondent Brajesh K Mishra.

Brajesh said, "Banks do not want to take money from the RBI as they have surplus fund with them."

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"The Reserve Bank had agreed to the demand and will soon release a clarification on the same," Brajesh added.

Talking about the current rules for priority sector lending, he said currently if a bank lends up to Rs 10 crore for social infrastructure or health care facility then it will come under priority sector lending.

बैंकों की पूरी होगी मुराद... हेल्थकेयर सेक्टर को लोन बांटने पर मिलेगा प्रियॉरिटी सेक्टर का दर्जा, जानने के लिए देखें ये EXCLUSIVE खबर#HealthcareSector #Banking #ZBizExclusive @BrajeshKMZee pic.twitter.com/wVeUppvOSA

— Zee Business (@ZeeBusiness) May 21, 2021

Brajesh added that the health facilities which has been mentioned in the circular of the RBI, more things can be included under that and even the fixed amount of Rs 10 crore can be increased.

The Reserve bank of India conducted Central Board of Directors meeting on Friday, May 21 under the chairmanship of Governor Shaktikanta Das, through video conferencing.

As per the information available, the Board in its meeting reviewed the current economic situation, global and domestic challenges and recent policy measures taken by the Reserve Bank to mitigate the adverse impact of the second wave of COVID-19 on the economy.

Earlier, the RBI had announced that it has been decided to open an on-tap liquidity window of Rs 50,000 crore with tenors of up to three years at the repo rate till March 31, 2022, to boost the provision of immediate liquidity for ramping up COVID-related healthcare infrastructure and services in the country.

Under the scheme, banks can provide fresh lending support to a wide range of entities including vaccine manufacturers; importers/suppliers of vaccine and priority medical devices; hospitals/dispensaries; pathology labs and diagnostic centres; manufacturers and suppliers of oxygen and ventilators; importers of vaccines and COVID-related drugs; COVID-related logistics firms and also patients for treatment.