India plans $6.8 billion program to Boost Health Infrastructure…
An explosive outbreak of the virus in India in recent months overwhelmed the nation’s deficient health care infrastructure, leading to a shortage of everything from hospital beds to oxygen supplies.
India is considering offering as much as 500 billion rupees ($6.8 billion) of credit incentives to boost health care infrastructure in the nation hit by the coronavirus pandemic, according to people familiar with the matter.
The program will allow companies to access funds for ramping up hospital capacity or medical supplies with the government acting as a guarantor, said the people, who asked not to be identified citing rules. The focus is likely to be on strengthening Covid-19 related health infrastructure in smaller towns, they said.
A finance ministry spokesperson could not be immediately reached for comment.