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New loan products
June 2 , 2021
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- Public sector banks (PSBs) have announced support measures and launch of new loan products to mitigate economic impact of Covid-19 pandemic.
- PSBs would provide unsecured loans of up to 5 lakh rupees to individuals.
- Loan can be utilized to meet their and family members’ treatment cost.
- Indian Banks Association and State Bank of India announced three new loan products in Mumbai.
- One will provide fresh lending support to vaccine manufacturers, hospitals or dispensaries, manufacturers & suppliers of oxygen, pathology labs, Ventilators, importers of vaccines, Covid drugs logistics firms and patients for treatment.
- The other two loans includes the Healthcare Business Loan of up to 2 crore rupees and Business loans for Healthcare Facilities of up to 100 Crore rupees.
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