Haryana Government launches ‘Haryana COVID Emergency Loan Scheme’ for entrepreneurs supplying medicines, oxygen and other medical facilities

Haryana Government launches 'Haryana COVID Emergency Loan Scheme' for entrepreneurs supplying medicines, oxygen and other medical facilities

Haryana Government launches ‘Haryana COVID Emergency Loan Scheme’ for entrepreneurs supplying medicines, oxygen and other medical facilities

Chandigarh, April 22: Haryana Government has launched the ‘Haryana COVID Emergency Loan Scheme’ for new and old entrepreneurs supplying medicines, oxygen and other medical facilities to COVID-19 patients in the state. For this, the State Government has set up a fund of Rs 500 crore.

Giving information in this regard, an official spokesperson said that under this scheme, the Haryana Government will help businessmen, presently working in the state, to increase their current production or to set up new units to meet the above requirements. The scheme will come into effect from the date of notification and will remain in effect across the state. He said that during the COVID-19 pandemic, the already functioning units which provide oxygen, beds, ventilator etc. will be helped to increase their production. He said that this scheme will also provide a guarantee to entrepreneurs to buy additional production for six months, for which rate contracts will also be fixed. In addition, the interest on the loan taken by the bank will be borne by the State Government for one year. Along with this, newly notified entrepreneurs will also get the benefit of this scheme in setting up new units. Under this, the State Government will provide loan guarantee to the bank for setting up such units in government hospitals or designated places.

The spokesperson said that a committee will be formed for this, which will review all types of matters related to it and will revise the scheme as required from time to time. For this, the applicant will have to apply to the notified bank and the application will be forwarded to the Haryana Government for its recommendation.

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