Credit guarantee scheme of 50,000 crores to meet the shortfall in health facilities

The union finance minister announced ₹50,000 crore relief for the health sector under the ₹1.1 lakh crore loan guarantee scheme for pandemic-hit sectors.

Daily Current Affairs Quiz 2021

The government’s significant investment towards health is aimed at upscaling medical infrastructure targeting underserved areas.

There will be a guarantee cover for expansion and new projects related to health and medical infrastructure in cities other than 8 metropolitan cities.

The guarantee coverage will have 50% for expansion and 75% for new projects.

The finance minister announced the setting up of 7,929 covid health centres, 9,954 covid care centres, 7.5 times increase in oxygen supported beds, 42 folds increase in isolation beds, 45 folds increase in ICU beds.

The economic package also augured funding for short-term human resources (HR) augmentation through medical students including interns, residents, final year and nursing students.

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