SBI allocates Rs 71 crore for fight against Covid-19

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The country’s largest lender SBI on Monday announced allocating Rs 71 crore towards the fight against Covid-19, a part of which will be used to set up a makeshift  1,000-bed hospital for the treatment of patients in some of the worst-affected States. State Bank of India (SBI) has allocated Rs 71 crore to undertake various support initiatives to combat the second wave of Covid-19, SBI said in a release.

 The State-owned lender has allocated Rs 30 crore for a makeshift hospital while Rs 21 crore will be used to support initiatives such as procurement of life-saving healthcare equipment, oxygen supply to hospitals, Covid-care centres, ambulances, PPE kits, masks as well as food relief efforts.  Besides, Rs 0 crore will be used to supplement government’s effort in genome sequencing, and Rs 10 crore will be earmarked to collaborate with on-ground NGOs to address the community needs, SBI said.