industry

HDFC Bank to set up Covid infrastructure facilities including oxygen plants


Private lender announced a slew of measures to set up and enhance medical infrastructure across the country to assist the fight against the COVID-19 pandemic. The measures comprise setting up permanent medical infrastructure such as oxygen plants, medical equipment, and ICU facilities, in addition to providing medical supplies to hospitals across India.

The bank said it has committed an initial amount of Rs 100 crore in the current fiscal year for Covid-19 relief initiatives. Last year, the bank had contributed Rs 120 crore towards relief measures.

The bank will set up 20 Oxygen plants across various hospitals in India along with setting up three, 100-bed Covid care facilities. It will also create two Isolation centres and provide medical equipment and supplies to more than 200 hospitals across the country.

The bank also plans to offer scholarships under ECSS (Education Crisis Scholarship Scheme) to students affected by the pandemic and provide monthly rations to close to 1.5 lakh individuals across villages.

“We are working with our NGO partners and local administration to create the necessary medical infrastructure like Oxygen plants, medical equipment and Covid care facilities,” said Ashima Bhat, Group Head – CSR, Business Finance and Strategy, Administration, and Infrastructure, HDFC Bank. “Going forward, we will focus on critical areas like education and livelihood, particularly for families affected by Covid-19 and work on more such long term sustainable initiatives.”



READ SOURCE

Read More   ED arrests HDIL promoters on money laundering charges

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.